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Vermont Statutes Annotated — Title 32 (Taxation and Finance)

32 V.S.A. § 5911

Taxation of an S corporation and its shareholders

Official textlegislature.vermont.gov

# (a)

An S corporation shall not be subject to the tax imposed by section 5832 of this title, except to the extent of income taxable to the corporation under the provisions of the Internal Revenue Code.

# (b)

For the purposes of section 5823 of this title, each shareholder’s pro rata share of the S corporation’s income attributable to Vermont and each resident shareholder’s pro rata share of the S corporation’s income not attributable to Vermont shall be taken into account by the shareholder in the manner provided in 26 U.S.C. § 1366. (

Last amended: Added 1995, No. 169 (Adj. Sess.), § 21, eff. May 15, 1996; amended 2021, No. 105 (Adj. Sess.), § 544, eff. July 1, 2022.)

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In this chapter (40 sections)
  1. 151-5873 · Extension of time for payment
  2. 151-5874 · Method of payment
  3. 151-5875 · Repealed. 1997, No. 156 (Adj. Sess.), § 37
  4. 151-5881 · Repealed. 1997, No. 156 (Adj. Sess.), § 37
  5. 151-5882 · Time limitation on notices of deficiency and assessment of…
  6. 151-5883 · Determination of deficiency, refund, or assessment
  7. 151-5884 · Refunds; petitions for refunds
  8. 151-5885 · Procedure for hearings by Commissioner; appeals
  9. 151-5886 · Payment and collection of deficiencies and assessments;…
  10. 151-5887 · Remedy exclusive; determination final
  11. 151-5888 · Determination of taxable income and income tax liability…
  12. 151-5891 · Tax a debt to the State
  13. 151-5892 · Action to collect taxes; limitations
  14. 151-5893 · Levy for nonpayment
  15. 151-5894 · Liability for failure or delinquency
  16. 151-5895 · Tax liability as property lien
  17. 151-5901 · Consent to use or disclosure of information
  18. 151-5902 · Persons preparing returns
  19. 151-5903 · Exceptions
  20. 151-5910 · Definitions; federal conformity
  21. 151-5911 · Taxation of an S corporation and its shareholders
  22. 151-5912 · Repealed. 2015, No. 134 (Adj. Sess.), § 13, eff. May 25, 2016
  23. 151-5913 · Part-year residence
  24. 151-5914 · Returns and mandatory payments
  25. 151-5915 · Minimum tax
  26. 151-5916 · Tax credits
  27. 151-5920 · Returns and mandatory payments
  28. 151-5921 · Minimum tax
  29. 151-5922 · Financial services development tax credit
  30. 151-5923 · 151-5923
  31. 151-5925 · Repealed. 2015, No. 57, § 98, effective June 11, 2015
  32. 151-5926 · Repealed. 2005, No. 75, § 16, eff. June 23, 2005
  33. 151-5927 · 151-5927
  34. 151-5929 · Repealed. 2005, No. 94 (Adj. Sess.), § 5, eff. March 8, 2006
  35. 151-5930 · Repealed. 2005, No. 94 (Adj. Sess.), § 5, eff. March 8, 2006
  36. 151-5930a · 151-5930a
  37. 151-5930c · 151-5930c
  38. 151-5930j · Repealed. 2005, No. 184 (Adj. Sess.), § 16
  39. 151-5930k · Repealed. 2005, No. 184 (Adj. Sess.), § 4(a), eff. January…
  40. 151-5930n · Repealed. 2005, No. 183 (Adj. Sess.), § 16(b)
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