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.
(Cite as: 32 V.S.A. § 7904)
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§ 7904. Returns; records
(a) Any retailer or integrated licensee required to collect the tax imposed by this chapter
shall, on or before the 25th day of every month, return to the Department of Taxes,
under oath of a person with legal authority to bind the retailer or integrated licensee,
a statement containing its name and place of business, the total amount of sales subject
to the cannabis excise tax made in the preceding month, and any information required
by the Department of Taxes, along with the total tax due. Retailers and integrated
licensees shall not remit the tax collected to the Department of Taxes in cash absent
the issuance of a waiver by the Commissioner of Taxes, and the Commissioner may require
that returns be submitted electronically.
(b) Every retailer and integrated licensee shall maintain, for not less than three years,
accurate records showing all transactions subject to tax liability under this chapter.
The records are subject to inspection by the Department of Taxes at all reasonable
times during normal business hours. (Added 2019, No. 164 (Adj. Sess.), § 14, eff. March 1, 2022.)