Vermont Statutes Title 32 Sec. 5870
Terms Used In Vermont Statutes Title 32 Sec. 5870
- Commissioner: means the Commissioner of Taxes appointed under section 3101 of this title or any officer or employee of the Department authorized by the Commissioner (directly or indirectly by one or more redelegations of authority) to perform the functions mentioned or described in this chapter. See
- following: when used by way of reference to a section of the law shall mean the next preceding or following section. See
- Individual: means a natural person. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
- tax liability: includes the liability for all amounts owing by a taxpayer to the State of Vermont under this chapter. See
- Taxpayer: means a person obligated to file a return with or pay or remit any amount to this State under this chapter. See
§ 5870. Reporting use tax on individual income tax returns
(a) The Commissioner of Taxes shall provide that individuals report use tax on their State individual income tax returns. Taxpayers are required to attest to the amount of their use tax liability under chapter 233 of this title for the period of the tax return. Alternatively, they may elect to report an amount that is a percentage of their adjusted gross income determined under subsection (b) of this section, and use tax liability arising from the purchase of each item with a purchase price in excess of $1,000.00 shall be added to the table amount shown under subsection (b) of this section.
(b) The amount of use tax a taxpayer may elect to report under subsection (a) of this section shall be based on the taxpayer’s adjusted gross income as determined by the following tables; provided, however, that a taxpayer shall not be required to pay more than $150.00 for use tax liability under this subsection arising from total purchases of items with a purchase price of $1,000.00 or less.
If adjusted gross income is: The tax is:
Not over $20,000.00 $ 0.00
$20,001.00 to $30,000.00 $10.00
$30,001.00 to $40,000.00 $15.00
$40,001.00 to $50,000.00 $20.00
$50,001.00 to $60,000.00 $25.00
$60,001.00 to $70,000.00 $30.00
$70,001.00 to $80,000.00 $35.00
$80,001.00 to $90,000.00 $40.00
$90,001.00 to $100,000.00 $45.00
$100,001.00 and over the lesser of $150.00 or
0.05% of adjusted gross income.
(Added 2003, No. 68, § 35, eff. June 18, 2003; amended 2009, No. 160 (Adj. Sess.), § 37; 2013, No. 174 (Adj. Sess.), § 33, eff. Jan. 1, 2015; 2015, No. 57, § 95, eff. Jan. 1, 2016; 2015, No. 57, § 96, eff. Jan. 1, 2017; 2017, No. 73, § 20, eff. Jan. 1, 2017; 2019, No. 175 (Adj. Sess.), § 8, eff. Jan. 1, 2020.)