Vt. Stat. Ann. tit. 32, § 5820

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Subchapter 001 : DEFINITIONS; GENERAL PROVISIONS

(Cite as: 32 V.S.A. § 5820)

§ 5820. Purpose

(a) This chapter is intended to conform the Vermont personal and corporate income taxes with the U.S. Internal Revenue Code, except as otherwise expressly provided, in order to simplify the taxpayer’s filing of returns, reduce the taxpayer’s accounting burdens, and facilitate the collection and administration of these taxes.

(b) It is intended that, for any taxable year, individuals, estates, and trusts shall be taxed upon only their Vermont income for that year, but that the rate at which the Vermont income of any taxpayer is taxed under this chapter shall reflect the taxpayer’s ability to pay as measured by his or her adjusted gross income for the taxable year. (Added 1966, No. 61 (Sp. Sess.), § 1, eff. Jan. 1, 1966; amended 1967, No. 121, § 3, eff. Jan. 1, 1968 for taxable years beginning on or after Jan. 1, 1968.)

Notes of Decisions

Cited in 7 cases, 1971–2018 · leading case: Tarrant v. Department of Taxes

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Tarrant v. Department of Taxes (1999) vt · cites it 4× “Vermont's "piggyback" on the federal income tax framework provides additional support for the credit. The Legislature has expressly codified its intent to conform the Vermont personal and corporate income taxes to the United States Internal Revenue Code, "except as otherwise…”

Oxx v. Vermont Department of Taxes (1992) vt · cites it 4× “income tax[] with the United States Internal Revenue Code, except as otherwise expressly provided, in order to simplify the taxpayer’s filing of returns, reduce the taxpayer’s accounting burdens, and facilitate the collection and administration of these taxes.”

State of Vermont, Department of Taxes v. Kenneth C. Montani/Thomas A. Tatro/Tyre Duvernay/Thomas L. Marchant (2018) vt · cites it 2× “" 32 V.S.A. § 5820(a). When the Commissioner of Taxes believes that a taxpayer has failed to file a required tax return or failed to file a complete return, the Commissioner "may, by written notice to the taxpayer, require that the taxpayer file that return, or an additional…”

In Re Goodyear T. & R. Co., Corp. Income T., 1966, 1967, 1968 (1975) vt · cites it 2× “Commissioner of Taxes, supra, 328 A.2d at 404 .”

FW Woolworth Company v. Commissioner of Taxes (1972) vt “(a) This chapter is intended to conform the Vermont personal and corporate income taxes with the United States Internal Revenue Code, except as otherwise expressly provided, in order to simplify the taxpayer’s filing of returns, reduce the taxpayer’s accounting burdens, and…”

Dostal's, Inc. v. Wright, Commr. (1971) vt · cites it 2× “The Vermont law, 32 V.S.A. § 5820, contains this statement: (a) This chapter is intended to conform the Vermont personal and corporate income taxes with the United States Internal Revenue Code, except as otherwise expressly provided, in order to simplify the taxpayer’s filing of…”

Vermont Yankee Nuclear Power Corp. v. Department of Taxes (2010) vt “See 32 V.S.A. § 5820 (noting that tax chapter intended to conform with Internal Revenue Code except as otherwise provided); id.”

— Vt. Stat. Ann. tit. 32, § 5820(a) — 5 cases

Tarrant v. Department of Taxes (1999) vt “Vermont's "piggyback" on the federal income tax framework provides additional support for the credit. The Legislature has expressly codified its intent to conform the Vermont personal and corporate income taxes to the United States Internal Revenue Code, "except as otherwise…”

Oxx v. Vermont Department of Taxes (1992) vt “income tax[] with the United States Internal Revenue Code, except as otherwise expressly provided, in order to simplify the taxpayer’s filing of returns, reduce the taxpayer’s accounting burdens, and facilitate the collection and administration of these taxes.”

State of Vermont, Department of Taxes v. Kenneth C. Montani/Thomas A. Tatro/Tyre Duvernay/Thomas L. Marchant (2018) vt “" 32 V.S.A. § 5820(a). When the Commissioner of Taxes believes that a taxpayer has failed to file a required tax return or failed to file a complete return, the Commissioner "may, by written notice to the taxpayer, require that the taxpayer file that return, or an additional…”

In Re Goodyear T. & R. Co., Corp. Income T., 1966, 1967, 1968 (1975) vt “Commissioner of Taxes, supra, 328 A.2d at 404 .”

FW Woolworth Company v. Commissioner of Taxes (1972) vt “(a) This chapter is intended to conform the Vermont personal and corporate income taxes with the United States Internal Revenue Code, except as otherwise expressly provided, in order to simplify the taxpayer’s filing of returns, reduce the taxpayer’s accounting burdens, and…”

— Vt. Stat. Ann. tit. 32, § 5820(b) — 1 case

Oxx v. Vermont Department of Taxes (1992) vt “income tax[] with the United States Internal Revenue Code, except as otherwise expressly provided, in order to simplify the taxpayer’s filing of returns, reduce the taxpayer’s accounting burdens, and facilitate the collection and administration of these taxes.”

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