2005 Vermont Code - § 9772. — Amount of tax to be collected

§ 9772. Tax bracket schedule

For the purpose of adding and collecting the tax imposed by this chapter, or an amount equal as nearly as possible or practicable to the average equivalent thereof, to be reimbursed to the vendor by the purchaser, the following formula shall be in force and effect as follows:

Amount of Sale Amount of Tax

$0.01-0.10 No Tax

0.11-0.16 $.01

0.17-0.33 .02

0.34-0.50 .03

0.51-0.66 .04

0.67-0.83 .05

0.84-1.00 .06

In addition to a tax of $0.06 on each full dollar, a tax shall be collected on each part of a dollar in excess of a full dollar in accordance with the following formula:

$ 0.01-0.16 $ .01

0.17-0.33 .02

0.34-0.50 .03

0.51-0.66 .04

0.67-0.83 .05

0.84-0.99 .06

When several taxable articles are purchased together at the same time, the tax shall be computed on the total amount of the sale of the several taxable items. (1969, No. 144, § 1, eff. June 1, 1969; amended 1971, No. 73, § 41, eff. April 16, 1971; 1981, No. 170 (Adj. Sess.), § 12; 1991, No. 32, § 10, eff. June 1, 1991; 1993, No. 1 (Sp. Sess.), § 2, eff. Sept. 1, 1993; 2003, No. 68, § 32.)