32 V.S.A. § 5921 — Minimum tax

A partnership or a limited liability company that is taxed as a partnership under
the Internal Revenue Code and is subject to the provisions of section 5920 of this title shall pay an annual tax of $250.00 to the Commissioner of Taxes on or before the
due date prescribed for the filing of the entity’s federal return. The tax shall be
submitted together with a form prescribed by the Commissioner. A limited liability
company that does not receive partnership treatment under the Internal Revenue Code
shall be taxed for State purposes in the same manner as taxed under the Internal Revenue
Code. Partnerships whose activities are limited to the maintenance and management
of their intangible investments and whose annual investment income does not exceed
$5,000.00 and whose total assets are not in excess of $20,000.00 shall be exempt from
the tax imposed by this section. (