The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
002
:
TAXATION OF INDIVIDUALS, TRUSTS, AND ESTATES
(Cite as: 32 V.S.A. § 5828)
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§ 5828. Mobile home park sale; capital gain credit
A taxpayer of this State shall receive a credit against the tax imposed under section 5822 or 5832 of this title for a qualified sale of a mobile home park. The credit shall be in the amount of
seven percent of the taxpayer’s gain subject to federal income tax for the taxable
year. Credit in excess of the taxpayer’s tax liability for the taxable year may be
carried forward for credit in the next succeeding three taxable years. “Qualified
sale of a mobile home park” means the land comprising a mobile home park that is transferred
in a single purchase to a group composed of a majority of the mobile home park leaseholders
as defined in 10 V.S.A. § 6242(a) or to a nonprofit organization that represents such a group. (Added 1997, No. 103 (Adj. Sess.), § 11, eff. April 23, 1998.)