32 V.S.A. § 5862d — Filing of federal form 1099

(a) Any individual or business required to file a federal form 1099 with respect to a
nonresident who performed services within the State during the taxable year shall
file a copy of the form with the Department. The Commissioner may authorize electronic
filing of the form.
(b) Any person required to file information returns pursuant to 26 U.S.C. § 6050W shall, within 30 days of the date the filing is due to the Internal Revenue Service,
file with the Commissioner a duplicate of such information returns on which the recipient
has a Vermont address. In addition, at the same time the information in this subsection
is required, third-party settlement organizations shall report to the Department of
Taxes, and to any participating payee with a Vermont address, any information required
by 26 U.S.C. § 6050W with respect to third-party network transactions related to that participating payee,
as if the de minimis limitations of 26 U.S.C. § 6050W(e) did not apply, but that the de minimis limitations of 26 U.S.C. § 6041(a) did apply. The Commissioner may adopt rules and authorize electronic filing of the
information required by this subsection.
(c) A failure to provide the information required by subsections (a) and (b) of this section
shall be considered a failure to provide a return or return information required by
this chapter, for the purposes of sections 3202, 5863, and 5864 of this title. (