32 V.S.A. § 5861a — Returns by partnerships

(a) Every partnership having any income derived from Vermont sources shall file with the
Commissioner a Vermont partnership income tax return and a copy of the federal form
1065, including Schedules K and K-1 (U.S. Partnership Return of Income and Partner’s
Share of Income, Credits, Deductions, etc.), required to be filed with the federal
authorities at such time as such schedule is required to be filed or is, in fact,
filed with the federal authorities. A partnership is considered to have income from
Vermont sources if it earned or received more than $100.00 of Vermont income or earned
or received more than $1,000.00 of gross income from the sources listed in subdivisions
5823(b)(1) through (6) of this title or associated with or attributable to business
activities carried on in Vermont.
(b) The returns and schedules required to be filed under this section shall be treated
as a return for all purposes under this chapter. (