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2013 Vermont Statutes
Title 32 Taxation and Finance
Chapter 151 INCOME TAXES
§ 5912 Characterization of income


32 V.S.A. § 5912 What's This?

5912. Characterization of income

The character of any S corporation item taken into account by a shareholder of an S corporation pursuant to subsection 5911(b) of this subchapter shall be determined as if such item were received or incurred by the S corporation and not its shareholder. (Added 1995, No. 169 (Adj. Sess.), 21, eff. May 15, 1996.)

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