32 V.S.A. § 5825 — Credit for taxes paid to other states and provinces

(a) A taxpayer of this State who was a resident individual, estate, or trust during any
portion of a taxable year shall receive credit against the tax imposed, for that taxable
year, by section 5822 of this title for income taxes imposed by, and paid to, another state or territory of the United
States, the District of Columbia, or a province of Canada, upon the taxpayer’s income
earned or received from sources within that state, territory, district, or province
during that portion of that taxable year. In no case shall the credit allowed by this
section exceed the portion of Vermont income tax, otherwise imposed by this chapter,
attributable to the adjusted gross income earned or received from sources within such
other state, territory, district, or province.
(b) For purposes of this section, when a taxpayer domiciled in another jurisdiction is
deemed to be a resident of Vermont as provided by subdivision 5811(11)(A)(ii) of this title, income from intangibles not employed in a business, trade, or profession shall be
deemed to be derived from sources within the jurisdiction of domicile. However, notwithstanding
the provisions of this subsection, no credit will be allowed against the tax imposed
unless the jurisdiction of domicile provides for a similar credit. (