Vermont Statutes Annotated — Title 32 (Taxation and Finance)
32 V.S.A. § 5830a
Interest tax
# (a)
When another state imposes a tax upon interest earned by its residents on deposits in a lending institution located in this State, but exempts from such taxation deposits by its residents in lending institutions located within that state, then there is hereby levied a tax in the amount of five percent upon interest earned by residents of this State on deposits in lending institutions located in such other state. As used in this section, “lending institution” includes any bank, savings bank, trust company, or building and loan association or other similar institution.
# (b)
For each taxpayer, $600.00 of income otherwise taxable under this section shall be exempt in each tax year. A husband and wife filing a joint return constitute a single taxpayer. (
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In this chapter (40 sections)
- 151-5815 · Repealed
- 151-5816 · Repealed. 1991, No. 186 (Adj. Sess.), § 3(b), eff. May 7,…
- 151-5817 · Repealed. 1991, No. 186 (Adj. Sess.), § 8(c), eff. May 7,…
- 151-5818 · Repealed. 1991, No. 186 (Adj. Sess.), § 8(d), eff. May 7,…
- 151-5819 · Inconsistent provisions
- 151-5820 · Purpose
- 151-5821 · Name of tax
- 151-5822 · Tax on income of individuals, estates, and trusts
- 151-5823 · Vermont income of individuals, estates, and trusts
- 151-5824 · Adoption of federal income tax laws
- 151-5825 · Credit for taxes paid to other states and provinces
- 151-5825a · Credit for Vermont Higher Education Investment Plan…
- 151-5826 · Repealed. 2009, No. 160 (Adj. Sess.), § 51(a)(2), eff. Jan.…
- 151-5827 · Repealed. 1989, No. 119, § 23(b), eff. June 22, 1989
- 151-5828 · Mobile home park sale; capital gain credit
- 151-5828a · Repealed. 1991, No. 32, § 7, eff. May 18, 1991
- 151-5828b · Earned income tax credit
- 151-5828c · Child and dependent care credit
- 151-5829 · Repealed. 1993, No. 210 (Adj. Sess.), § 40, eff. Jan. 1, 1994
- 151-5830 · Taxpayer identification numbers; credits
- 151-5830a · Interest tax
- 151-5830b · Tax credits; Entrepreneurs’ Seed Capital Fund
- 151-5830c · Tax credits; charitable investments in housing
- 151-5830d · Deferral of income taxation; combat zone duty
- 151-5830e · Retirement income; Social Security income
- 151-5830f · Vermont child tax credit
- 151-5830g · Vermont veteran tax credit
- 151-5831 · Name of tax
- 151-5832 · Tax on income of corporations
- 151-5832a · Digital business entity franchise tax
- 151-5833 · Allocation and apportionment of income
- 151-5834 · Computation of gains and losses
- 151-5835 · Construction of subchapter
- 151-5836 · Franchise tax on financial institutions
- 151-5837 · Repealed. 2003, No. 152 (Adj. Sess.), § 8
- 151-5838 · Digital business entity election
- 151-5841 · Requirement and rate of withholding
- 151-5842 · Return and payment of withheld taxes
- 151-5843 · Failure to account; maintenance of trust account
- 151-5844 · Liability; penalty; trust for the State