§ 7442a. Imposition of a Vermont estate tax and rate of tax
(a) A tax is hereby imposed on the transfer of the estates of decedents as prescribed by this chapter.
(b) The tax shall be computed as follows. The following rates shall be applied to the Vermont taxable estate:
The resulting amount shall be multiplied by a fraction not greater than one, where the numerator of which is the value of the Vermont gross estate plus the value of gifts under subdivision 7402(14)(C) of this title with a Vermont situs, and the denominator of which is the federal gross estate plus the value of gifts under subdivision 7402(14)(C) of this title.
(c) All values shall be as finally determined for federal estate tax purposes.
(d) [Repealed.] (Added 1979, No. 140 (Adj. Sess.), § 1; amended 1995, No. 29, § 11, eff. April 14, 1995; 2001, No. 140 (Adj. Sess.), § 12, eff. June 21, 2002; 2009, No. 1 (Sp. Sess.), § H.31; 2009, No. 160 (Adj. Sess.), § 33a; 2015, No. 146 (Adj. Sess.), § 2, eff. Jan. 1, 2016; 2017, No. 73, § 8, eff. Jan. 1, 2016; 2017, No. 113 (Adj. Sess.), § 189; 2019, No. 71, § 5, eff. Jan. 1, 2020; 2019, No. 71, § 6, eff. Jan. 1, 2021.)
Structure Vermont Statutes
Title 32 - Taxation and Finance
Chapter 190 - Estate and Gift Taxes
§ 7442a. Imposition of a Vermont estate tax and rate of tax
§ 7443. Estate tax reduction for estate of a farmer
§ 7445. Copies of federal estate tax returns to be filed
§ 7446. When returns to be filed
§ 7448. Extension of time for payment
§ 7449. Probate Division to send Commissioner notice of estate
§ 7450. Powers and duties of executor or administrator appointed for nonresident
§ 7451. Appointment of resident administrator for nonresident’s estate
§ 7453. Reimbursement of person other than executor paying tax
§ 7454. Discharge of executor; income tax clearance; notice of proceedings in court
§ 7460. Generation-skipping transfers
§ 7470. Administration of chapter
§ 7472. Abatement of tax liabilities
§ 7473. Allocation of payments
§ 7474. Inconsistent provisions
§ 7477. Failure to file a return; petition and computation of tax
§ 7478. Examination of records and witnesses
§ 7479. Supplemental information; changes in federal tax liability or in taxable gifts or estate
§ 7480. Form and verification of returns
§ 7481. Extension of time for filing of returns
§ 7486. Time limitation on notices of deficiency and assessment of penalty and interest
§ 7487. Determination of deficiency, penalty, or interest
§ 7488. Refunds; petitions for refunds
§ 7489. Procedure for hearings by Commissioner; appeals
§ 7490. Payment and collection of deficiencies and assessments; jeopardy notices
§ 7491. Remedy exclusive; determination final
§ 7493. Tax a debt to the State
§ 7494. Action to collect taxes; limitations