The Vermont Statutes Online

Title 32 : Taxation and Finance

Chapter 190 : ESTATE AND GIFT TAXES

Subchapter 003 : ESTATE TAX

• § 7442a. Imposition of a Vermont estate tax and rate of tax

  (a) A tax is hereby imposed on the transfer of the estates of decedents as prescribed by this chapter.

  (b) The tax shall be computed as follows. The following rates shall be applied to the Vermont taxable estate:

  Amount of Vermont Taxable Estate	Rate of Tax
  Under $5,000,000.00	None
  $5,000,000.00 or more	16 percent of the excess over $5,000,000.00

  The resulting amount shall be multiplied by a fraction not greater than one, where the numerator of which is the value of the Vermont gross estate plus the value of gifts under subdivision 7402(14)(C) of this title with a Vermont situs, and the denominator of which is the federal gross estate plus the value of gifts under subdivision 7402(14)(C) of this title.

  (c) All values shall be as finally determined for federal estate tax purposes.

  (d) [Repealed.] (Added 1979, No. 140 (Adj. Sess.), § 1; amended 1995, No. 29, § 11, eff. April 14, 1995; 2001, No. 140 (Adj. Sess.), § 12, eff. June 21, 2002; 2009, No. 1 (Sp. Sess.), § H.31; 2009, No. 160 (Adj. Sess.), § 33a; 2015, No. 146 (Adj. Sess.), § 2, eff. Jan. 1, 2016; 2017, No. 73, § 8, eff. Jan. 1, 2016; 2017, No. 113 (Adj. Sess.), § 189; 2019, No. 71, § 5, eff. Jan. 1, 2020; 2019, No. 71, § 6, eff. Jan. 1, 2021.)