2016 Vermont Statutes
Title 32 - Taxation and Finance
Chapter 151 - Income Taxes

Subchapter 1: DEFINITIONS; GENERAL PROVISIONS

• § 5811 Definitions
• § 5812 Income taxation of parties to a civil union
• § 5813 Statutory purposes
• § 5814 Repealed. 1991, No. 186 (Adj. Sess.), Section 8(a), eff. May 7, 1992.
• § 5819 Inconsistent provisions
• § 5820 Purpose

Subchapter 2: TAXATION OF INDIVIDUALS, TRUSTS, AND ESTATES

• § 5821 Name of tax
• § 5822 Tax on income of individuals, estates, and trusts
• § 5823 Vermont income of individuals, estates, and trusts
• § 5824 Adoption of federal income tax laws
• § 5825 Credit for taxes paid to other states and provinces
• § 5825a Credit for Vermont higher education investment plan contributions
• § 5826 Credit for income from commercial film production
  [Section 5826 repealed for tax years beginning on and after January 1, 2013.]
• § 5827 Repealed. 1989, No. 119, § 23(b), eff. June 22, 1989.
• § 5828 Mobile home park sale; capital gain credit
• § 5828a Repealed. 1991, No. 32, § 7, eff. May 18, 1991.
• § 5828b Earned income tax credit
• § 5828c Low-income child and dependent care credit
• § 5829 Repealed. 1993, No. 210 (Adj. Sess.), Section 40, eff. Jan. 1, 1994.
• § 5830 Repealed. 1977, No. 116 (Adj. Sess.), eff. Jan. 27, 1978.
• § 5830a Interest tax
• § 5830b Tax credits; Entrepreneurs' Seed Capital Fund
• § 5830c Tax credits; charitable investments in housing
• § 5830d Deferral of income taxation; combat zone duty

Subchapter 3: TAXATION OF CORPORATIONS

• § 5831 Name of tax
• § 5832 Tax on income of corporations
• § 5832a Digital business entity franchise tax
• § 5833 Allocation and apportionment of income
• § 5834 Computation of gains and losses
• § 5835 Construction of subchapter
• § 5836 Franchise tax on financial institutions
• § 5837 Repealed. 2003, No. 152 (Adj. Sess.), § 8.
• § 5838 Digital business entity election

Subchapter 4: WITHHOLDING OF TAXES AT SOURCE

• § 5841 Requirement and rate of withholding
• § 5842 Return and payment of withheld taxes
• § 5843 Failure to account; maintenance of trust account
• § 5844 Liability; penalty; trust for the State
• § 5845 Repealed. 1991, No. 186 (Adj. Sess.), Section 8(e), eff. May 7, 1992.
• § 5846 Repealed. 1991, No. 186 (Adj. Sess.), § 8(f), eff. May 7, 1992.
• § 5847 Withholding on sales or exchanges of real estate

Subchapter 5: ESTIMATIONS OF NONWITHHELD INCOME TAX

• § 5851 Definitions
• § 5852 Payment of estimated income tax
• §§ 5853, 5854 Repealed. 1989, No. 119, Section 6, eff. June 22, 1989.
• § 5855 Payments as tax liability

Subchapter 5A: QUARTERLY FILING AND PAYMENT

• § 5856 Declaration of estimated tax
• § 5857 Filing dates
• § 5858 Payment dates
• § 5859 Assessment date, penalties, interest

Subchapter 6: RETURNS

• § 5861 Returns by individuals, trusts, and estates
• § 5861a Returns by partnerships
• § 5862 Returns by corporations
• § 5862a Nongame Wildlife Account checkoff
• § 5862b Children's Trust Fund Account checkoff
• § 5862c Repealed. 2009, No. 160 (Adj. Sess.), § 51(c)(1) repealed effective for taxable years beginning on and after January 1, 2010.
• § 5862d Filing of federal form 1099
• § 5862e Vermont Veterans' Fund checkoff
  [Section 5862e shall apply to income tax returns for taxable years 2010 and after.]
• § 5862f Vermont Green Up checkoff
• § 5863 Additional returns
• § 5864 Failure to file a return; petition and computation of tax
• § 5865 Repealed. 1991, No. 186 (Adj. Sess.), § 8(g), eff. May 7, 1992.
• § 5866 Supplemental information; changes in federal tax liability or taxable income
• § 5867 Form and verification of returns
• § 5868 Extension of time for filing of returns
• § 5869 Repealed. 1997, No. 156 (Adj. Sess.), § 37.
• § 5870 Reporting use tax on individual income tax returns
  [Section 5870 effective until January 1, 2017; see also section 5870 effective January 1, 2017 and note set out below.]
• § 5870 Reporting use tax on individual income tax returns
  [Section 5870 effective January 1, 2017; see also section 5870 effective until January 1, 2017 set out above and note set out below.]

Subchapter 7: PAYMENT OF INCOME TAXES

• § 5871 Payments by individuals, trusts, and estates
• § 5872 Payment by corporations
• § 5873 Extension of time for payment
• § 5874 Method of payment
• § 5875 Repealed. 1997, No. 156 (Adj. Sess.), § 37.

Subchapter 8: DEFICIENCIES, ASSESSMENTS, REFUNDS, AND APPEALS

• § 5881 Repealed. 1997, No. 156 (Adj. Sess.), § 37.
• § 5882 Time limitation on notices of deficiency and assessment of penalty and interest
• § 5883 Determination of deficiency, refund, or assessment
• § 5884 Refunds; petitions for refunds
• § 5885 Procedure for hearings by Commissioner; appeals
• § 5886 Payment and collection of deficiencies and assessments; jeopardy notices
• § 5887 Remedy exclusive; determination final
• § 5888 Determination of taxable income and income tax liability under the laws of the United States

Subchapter 9: ENFORCEMENT AND COLLECTION

• § 5891 Tax a debt to the State
• § 5892 Action to collect taxes; limitations
• § 5893 Levy for nonpayment
• § 5894 Liability for failure or delinquency
• § 5895 Tax liability as property lien

Subchapter 10: CONFIDENTIAL PREPARATION OF RETURNS

• § 5901 Consent to use or disclosure of information
• § 5902 Persons preparing returns
• § 5903 Exceptions

Subchapter 10A: TAXATION OF S CORPORATIONS

• § 5910 Definitions; federal conformity
• § 5911 Taxation of an S corporation and its shareholders
• § 5912 Repealed. 2015, No. 134 (Adj. Sess.), § 13, eff. May 25, 2016.
• § 5913 Part-year residence
• § 5914 Returns and mandatory payments
• § 5915 Minimum tax
• § 5916 Tax credits

Subchapter 10B: TAXATION OF PARTNERSHIPS AND LIMITED LIABILITY COMPANIES

• § 5920 Returns and mandatory payments
• § 5921 Minimum tax

Subchapter 11: FINANCIAL SERVICES DEVELOPMENT TAX CREDIT

• § 5922 Financial services development tax credit
• §§ 5923, 5924 Omitted.

Subchapter 11A: TAX CREDITS RELATING TO A JOB DEVELOPMENT ZONE

• § 5925 Repealed. 2015, No. 57, § 98, effective June 11, 2015.
• § 5926 Repealed. 2005, No. 75, § 16, eff. June 23, 2005.

Subchapter 11B: RESEARCH AND DEVELOPMENT TAX CREDIT

• §§ 5927, 5928 Repealed. 2005, No. 75, Section 16, eff. June 23, 2005.

Subchapter 11C: NEW JOBS TAX CREDIT

• § 5929 Repealed. 2005, No. 94 (Adj. Sess.), § 5, eff. March 8, 2006.

Subchapter 11D: MANUFACTURER'S INVESTMENT TAX CREDIT

• § 5930 Repealed. 2005, No. 94 (Adj. Sess.), § 5, eff. March 8, 2006.

Subchapter 11E: ECONOMIC ADVANCEMENT TAX INCENTIVES

• § 5930a Vermont Economic Progress Council
  [Section 5930a repealed effective January 1, 2017; see prospective repeal note set out below.]
• § 5930b Vermont employment growth incentive
  [Section 5930b repealed effective January 1, 2017; see prospective repeal note set out below.]
• § 5930c Economic advancement payroll tax credit
  [Section 5930c repealed effective January 1, 2017, see note set out below.]
• § 5930d Economic advancement research and development tax credit
  [Section 5930d repealed effective January 1, 2017, see note set out below.]
• § 5930e Workforce development incentive tax credit
  [Section 5930e repealed effective January 1, 2017, see note set out below.]
• § 5930f Vermont export tax incentive
  [Section 5930f repealed effective January 1, 2017, see note set out below.]
• § 5930g Capital investment tax credit
  [Section 5930g repealed effective January 1, 2017, see note set out below.]
• § 5930h Carry-forward, carry-back, and recapture for substantial curtailment of trade or business
  [Section 5930h repealed effective January 1, 2017; see note set out below.]
• § 5930i Credit allocation
  [Section 5930i repealed effective January 1, 2017; see note set out below.]
• § 5930j Repealed. 2005, No. 184 (Adj. Sess.), § 16.
• § 5930k High-tech growth incentives
  [Section 5930k repealed effective January 1, 2017, see note set out below.]

Subchapter 11F: TAX CREDIT FOR REHABILITATION OF HISTORIC BUILDINGS

• § 5930n Repealed. 2005, No. 183 (Adj. Sess.), § 16(b).

Subchapter 11G: REHABILITATION TAX CREDIT

• §§ 5930p-5930r Repealed. 2005, No. 183 (Adj. Sess.), Section 16(b).

Subchapter 11H: TRAINING TAX CREDIT

• § 5930t Repealed. 2005, No. 207 (Adj. Sess.), § 12, eff. May 31, 2006.

Subchapter 12: SETOFF DEBT COLLECTION

• § 5930u Tax credit for affordable housing
• § 5930v Repealed. 2009, No. 1 (Sp. Sess.), § H.28(a), eff. January 1, 2010.
• § 5930w Economic advancement sustainable technology research and development tax credit
  [Section 5930w repealed effective January 1, 2017, see note set out below.]
• § 5930x Economic advancement sustainable technology export tax credit
  [Section 5930x repealed effective January 1, 2017, see note set out below.]
• § 5930y Wood products manufacture tax credit
  [Section 5930y repealed effective January 1, 2014; shall apply to taxable years beginning on or after July 1, 2005 and no credit under this section shall be available for any taxable year beginning on or after January 1, 2014. See note below.]
• § 5930z Solar energy tax credit

Subchapter 11J: VERMONT DOWNTOWN AND VILLAGE CENTER TAX CREDIT PROGRAM

• § 5930aa Definitions
• § 5930bb Eligibility and administration
• § 5930cc Downtown and Village Center Program tax credits
• § 5930dd Claims; availability
• § 5930ee Limitations
• § 5930ff Recapture

Subchapter 11L: RESEARCH AND DEVELOPMENT TAX CREDIT

• § 5930ii Research and development tax credit
  [Section 5930ii shall apply to any claims for credits filed after January 1, 2014 pursuant to 2013, No. 174 (Adj. Sess.), º 70(12).]

Subchapter 11M: MACHINERY AND EQUIPMENT INVESTMENT TAX CREDIT

• § 5930ll Machinery and equipment tax credit
  [Section 5930ll shall apply to taxable years beginning on and after January 1, 2012 and repealed effective June 1, 2026, see note set out below.]

Subchapter 11N: RECENTLY DEPLOYED VETERAN TAX CREDIT

• § 5930nn Recently deployed veteran tax credit
• § 5931 Short title
• § 5932 Definitions
• § 5933 Collection of debts through setoff
• § 5934 Procedure for setoff
• § 5935 Joint returns
• § 5936 Hearing procedure
• § 5937 Priorities in claims to setoff
• § 5938 Collection assistance fees
• § 5939 Confidentiality exemption; nondisclosure
• § 5940 Rules and regulations
• § 5941 Procedure for setoff of Court judgments
• § 5942 Offset for taxes owed in another state; reciprocity

Subchapter 13: FRANCHISE TAX ON WASTE FACILITIES

• § 5951 Definitions; general provisions
• § 5952 Imposition of tax
• § 5953 Exemptions
• § 5954 Filing of return and payment of tax