2013 Vermont Statutes
Title 32 Taxation and Finance
Chapter 231 PROPERTY TRANSFER TAX
§ 9610 Remittance of return and tax; inspection of returns

9610. Remittance of return and tax; inspection of returns

(a) Not later than 30 days after the receipt of any property transfer return, a town clerk shall file the return in the office of the town clerk and electronically forward a copy of the acknowledged return to the Commissioner; provided, however, that with respect to a return filed in paper format with the town, the Commissioner shall have the discretion to allow the town to forward a paper copy of that return to the department.

(b) The copies of property transfer returns in the custody of the town clerk may be inspected by any member of the public.

Subsection (c) effective until July 1, 2016; see also subsection (c) effective July 1, 2016 set out below.

(c) Prior to distributions of property transfer tax revenues under 10 V.S.A. 312, 24 V.S.A. 4306(a), and 32 V.S.A. 435(b)(10), two percent of the revenues received from the property transfer tax shall be deposited in a special fund in the Department of Taxes for Property Valuation and Review administration costs. Up to one-half of the funds deposited in a special fund under this subsection shall be used for the purpose of administering the current use value program electronically.

Subsection (c) effective July 1, 2016; see also subsection (c) effective until July 1, 2016 set out above.

(c) Prior to distributions of property transfer tax revenues under 10 V.S.A. 312, 24 V.S.A. 4306(a), and 32 V.S.A. 435(b)(10), one percent of the revenues received from the property transfer tax shall be deposited in a special fund in the Department of Taxes for Property Valuation and Review administration costs.

(d) [Repealed.] (Added 1967, No. 146, 1, eff. Jan. 1, 1968; amended 1969, No. 291 (Adj. Sess.), 17, eff. 60 days after April 9, 1970; 1971, No. 73, 39, eff. April 16, 1971; 1987, No. 200 (Adj. Sess.), 3; 1989, No. 119, 27, eff. June 22, 1989; 1993, No. 210 (Adj. Sess.), 275a, eff. June 30, 1995; 1993, No. 210 (Adj. Sess.), 275b, eff. Oct. 1, 1994; 1995, No. 5, 56, eff. March 3, 1995; 1995, No. 63, 281(d), eff. June 30, 1996; 1999, No. 152 (Adj. Sess.), 271e; 2009, No. 160 (Adj. Sess.), 20; 2011, No. 45, 34, eff. May 24, 2011; 2011, No. 45, 35, eff. July 1, 2016.)