2013 Vermont Statutes
Title 32 Taxation and Finance
Chapter 231 PROPERTY TRANSFER TAX
§ 9618 Duty to report stock acquisitions
9618. Duty to report stock acquisitions
Each person who acquires a controlling interest in a corporation, whether by one or more than one transfer of stock, shall, if the fair market value of all real property held in this State by the corporation exceeds $500,000.00, report to the Commissioner of Taxes, within 30 days after the acquisition, the fair market value of all real property held in this State by the corporation at the time of the acquisition of the controlling interest. As used in this section, a "controlling interest" means 50 percent or more of the total combined voting power of all classes of stock of the corporation. (Added 1993, No. 85, 3(b), eff. Jan. 1, 1994.)
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