Title 32, Taxation and Finance

§ 8286. Property exempt from appraisal The aforesaid appraisals shall not include the following classes of property owned by railroad companies: tenement houses and the lands whereon the same are located; lands or buildings leased to or occupied by another person or corporation f…

§ 8321. General rule All appraisals made under the provisions of article 4 of this subchapter shall be made in each even year on or before December 31. (Amended 1975, No. 43, § 3, eff. April 14, 1975; 1997, No. 156 (Adj. Sess.), § 12, eff. April 29, 1998.)

§ 8322. Subsequent appraisals (a) When, subsequent to the date whereon such appraisals are required to be made, trains, other than construction trains, commence running on a railroad located in whole or in part within this State or on any extension or branch of a railroad thereto…

§ 8341. Record of appraisals On or before January 15 following any appraisal made under the provisions of articles 4 and 6 of this subchapter, the Commissioner shall make a record thereof in a book kept in the Commissioner’s office for that purpose. (Amended 1997, No. 156 (Adj. S…

§ 8342. Sufficiency of record and notice A record of notice of such appraisals showing, among other things, that all of the property within this State acquired, constructed, or used for railroad business or purposes and held, possessed, or owned by a person or corporation so oper…

§ 8343. Notice of appraisal; time appraisal in force On or before January 15 following such appraisals, the Commissioner shall notify in writing, by mail or otherwise, every person or corporation operating a railroad located in whole or in part within this State of the amount of …

§ 8344. Definition of representative; notice The person or corporation operating a railroad in this State shall be the representative of every title and interest in property acquired, constructed, or used in the operation and business thereof as owner, lessee, or otherwise. Notic…

§ 8361. General rules for appeals (a) A party aggrieved, including the State represented by the State Treasurer, on or before February 15 following such an appraisal, may appeal therefrom to a Superior judge designated by the Chief Superior Judge, not excluding themselves, who sh…

§ 8362. Procedure The judge shall establish rules and regulations relative to the time and method of hearing and determining appeals as the judge shall deem just, provided that the appeal shall be finally determined and the appraisal by the judge made and established on or before…

§ 8363. Appraisal invalid in part When an action is pending to recover a tax assessed upon an appraisal made under the provisions of articles 4 and 6 of this subchapter and it shall be therein determined that such appraisal is valid in part, the court shall render judgment for so…

§ 8394. Petition and hearing for relief from taxes Upon the written petition of any railroad corporation operating a railroad located in whole or in part within this State, setting forth that the financial condition of such corporation is such that the payment of any taxes assess…

§ 8395. Findings Upon hearing, if the Commission finds that the enforced payment of the taxes would imperil the continued operation of the railroad and that the suspension of collection thereof would promote the general good of the State, it shall certify its findings to the Gove…

§ 8396. Reducing tax claims in reorganization plans In the event that a plan for the financial reorganization of any such railroad corporation shall be proposed, involving as an element thereof, a compromise or reduction of the claim of the State for unpaid taxes, and notice ther…

§ 8397. Acceptance of plan If the Commission finds and reports that the proposed plan of reorganization is fair, feasible, and practicable; that, if consummated, it will result in the continuous operation of the railroad for the benefit of the public served thereby; that there is…

§ 8398. Revocation of waiver or compromise upon failure of railroad Should any such railroad cease operation, whether because of failure of consummation of any feasible plan of reorganization or for any other reason, then and in such event the provisions of this article relating …

§ 8551. Imposition, rate, and basis of tax A domestic or foreign insurance company, association, or society, other than life, or a surety or guaranty company, doing business in this State, shall pay a tax to the State, which is hereby assessed at the rate of two percent per annum…

§ 8552. Returns A domestic insurance company, association, or society, other than life, or surety or guaranty company shall pay a tax to the State on the gross amount of premiums and assessments written and not taxed in other states, and shall pay a tax to the State on the gross …

§ 8553. Time of payment Such tax shall be based upon the business of such company, association, or society during the year terminating with December 31 preceding. It shall be paid quarterly on or before the last day of the second calendar month following the quarter ending the la…

§ 8554. Deductions In determining the amount of taxes to be assessed under the provisions of sections 8551 and 8552 of this title, there shall be deducted from the full amount of such premiums and assessments all sums paid for return premiums on cancelled policies upon risk locat…

§ 8555. Reciprocal provisions If another state or country imposes upon or requires of a domestic insurance, surety, or guaranty company or its agents doing business therein, taxes exceeding those imposed by this State upon or required of foreign insurance, surety, or guaranty com…

§ 8556. Exemption For the purposes of this subchapter, a continuing care retirement community certified under 8 V.S.A. chapter 151 shall not be deemed to be an insurance company or other entity subject to the tax imposed by this subchapter. (Added 1987, No. 247 (Adj. Sess.), § 2.…

§ 8557. Vermont Fire Service Training Council (a)(1) Sums for the expenses of the operation of training facilities and curriculum of the Vermont Fire Service Training Council not to exceed $1,500,000.00 per year shall be paid to the Fire Safety Special Fund created by 20 V.S.A. §…

§ 8701. Uniform capacity tax (a) As used in this section, the terms “energy storage facility,” “kW,” “kWh,” “plant,” “plant capacity,” and “renewable energy” shall be as defined in 30 V.S.A. §§ 201(4) and 8002; provided, however, that any tax or exemption under this chapter shall…

§ 8900. Statutory purposes (a) The statutory purpose of the exemption for pious or charitable institutions or volunteer fire companies in subdivision 8911(3) of this title is to lower the operating costs of pious and charitable organizations considered exempt under subdivision 38…

§ 8901. Purpose This chapter imposes a purchase and use tax on motor vehicles in addition to any other tax or registration fees. The purpose of this chapter is to improve and maintain the State and interstate highway systems, to pay the principal and interest on bonds issued for …

§ 8902. Definitions Unless otherwise expressly provided, as used in this chapter: (1) “Commissioner” means the Commissioner of Motor Vehicles. (2) “Resident” shall include all legal residents of this State and in addition thereto any person who accepts employment or engages in a …

§ 8903. Tax imposed (a)(1) There is hereby imposed upon the purchase in Vermont of a motor vehicle by a resident a tax at the time of such purchase, payable as hereinafter provided. The amount of the tax shall be six percent of the taxable cost of a: (A) pleasure car as defined i…

§ 8904. Completion of form (a) Every person selling or leasing a motor vehicle in Vermont shall at the time of selling or leasing a motor vehicle compute for the purchaser or lessee the tax imposed by subsection 8903(a), (b), (f), or (g) of this title and complete in its entirety…

§ 8905. Collection of tax; education; appeals (a) Every purchaser of a motor vehicle subject to a tax under subsection 8903(a) of this title shall forward the tax form to the Commissioner, together with the amount of tax due at the time of first registering or transferring a regi…

§ 8906. Tax form contents Except as otherwise provided pursuant to subsection 8905(d) of this title, the tax form shall require the following information as to the purchase price of the motor vehicle: (1) the value of any motor vehicle accepted in trade together with its make, ty…

§ 8907. Commissioner; computation of taxable costs (a) The Commissioner may investigate the taxable cost of any motor vehicle transferred subject to the provisions of this chapter. If the motor vehicle is not acquired by purchase in Vermont or is received for an amount that does …

§ 8908. Rules Notwithstanding any other provision of law, the Commissioner may from time to time adopt rules to provide that “taxable cost” shall not reflect a diminution for trade-in arising from a purchase of a motor vehicle in a state that does not allow a deduction for trade-…

§ 8909. Enforcement If the tax due under subsection 8903(d) of this title is not paid as hereinbefore provided, the Commissioner shall suspend the rental company’s license to act as a rental company and motor vehicle registrations within the State of Vermont until such tax is pai…

§ 8910. Penalties Any person who willfully makes a false statement on such tax form prescribed and furnished by the Commissioner or any person who willfully attempts to evade the tax herein imposed shall be fined not more than $500.00. (Added 1959, No. 327 (Adj. Sess.), § 9, eff.…

§ 8911. Exceptions The tax imposed by this chapter shall not apply to: (1) Motor vehicles owned or registered, or motor vehicles rented, by any state or province or any political subdivision thereof. (2) Motor vehicles owned and operated by the United States of America. (3) Motor…

§ 8912. Allocation of funds The taxes collected under this chapter shall be paid into and accounted for in the Transportation Fund. (Added 1959, No. 327 (Adj. Sess.), § 11, eff. March 1, 1960; amended 1981, No. 87, § 4.)

§ 8913. Fraudulent collection of tax No person, except the Commissioner and his or her authorized representatives, including rental companies as provided in subsection 8903(d) of this title, may collect or accept payment of any tax imposed by this chapter. Any person so doing sha…

§ 8914. Refund Any overpayment of such tax as determined by the Commissioner shall be refunded. To be eligible to receive a refund, a person shall submit a request for a refund within one year after paying the tax. (Added 1959, No. 327 (Adj. Sess.), § 13, eff. March 1, 1960; amen…

§ 8915. Reciprocal agreements The Commissioner may enter into reciprocal agreements with appropriate officials of any other state or province under which he or she may waive all or any part of the tax imposed by this chapter upon a similar waiver by such state or province. (Added…

§ 8916. Bonds (a) When the Commissioner deems it necessary to protect the revenues to be obtained under this chapter, he or she may require a rental company to file with him or her a bond issued by a surety company authorized to transact business in this State and approved by the…

§ 8917. Bonds; discharge Any surety on a bond furnished by a rental company shall be discharged from any liability to the State accruing on the bond after expiration of 60 days from the date the surety shall have filed with the Commissioner a written request to be released and di…

§ 8918. Records (a) Each rental company shall keep and retain for a period of not less than three years such records as may be prescribed by the Commissioner that are reasonably necessary to substantiate the reports required by subsection 8905(d) of this title. (b) The Commission…

§ 8919. Additional assessments (a) If the Commissioner is not satisfied that the report filed or the amount of tax paid by a rental company is accurate, after investigating and finding such inaccuracy, he or she may make an additional assessment of taxes due from such rental comp…

§ 8920. Interest; penalties (a) Any person who fails to file a report when due shall pay a fee of $10.00 as partial compensation for the added administrative costs. (b) In addition to the fee prescribed in subsection (a) of this section, any person who fails to pay any tax when d…

§ 8921. Assessments If a rental company neglects or refuses to file any report required by this chapter, the Commissioner shall make an estimate of the tax due, based upon information available to the Commissioner, for the period for which the rental company failed to make the re…

§ 8922. Assessment; hearing A rental company against whom assessment is made pursuant to section 8919 or 8920 of this title may appear in person or by counsel in the Office of the Commissioner within 15 days after the mailing to him or her of notice of the assessment then and the…