2005 Vermont Code - § 7475. — Adoption of federal estate and gift tax laws

§ 7475. Adoption of federal estate and gift tax laws

The laws of the United States, relating to the federal estate and gift taxes as in effect on January 1, 2006, are hereby adopted for the purpose of computing the tax liability under this chapter, except with the credit for state death taxes under Sections 2011 and 2604 as in effect on January 1, 2001, of the Internal Revenue Code, and without any deduction for state death taxes under Section 2058 of the Internal Revenue Code. (Added 2001, No. 140 (Adj. Sess.), § 15, eff. June 21, 2002; amended 2003, No. 66, § 314; 2003, No. 152 (Adj. Sess.), § 25, eff. June 7, 2004; 2005, No. 14, § 14; 2005, No. 94 (Adj. Sess.), § 3, eff. March 8, 2006.)