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Vermont Statutes Annotated — Title 32 (Taxation and Finance)

32 V.S.A. § 5921

Minimum tax

Official textlegislature.vermont.gov

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. (

Last amended: Added 1995, No. 169 (Adj. Sess.), § 24, eff. May 15, 1996; amended 1997, No. 50, § 23, eff. June 26, 1997; 1997, No. 71 (Adj. Sess.), § 27a(b), eff. March 11, 1998; 1997, No. 156 (Adj. Sess.), § 37a, eff. April 29, 1998.)

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In this chapter (40 sections)
  1. 151-5885 · Procedure for hearings by Commissioner; appeals
  2. 151-5886 · Payment and collection of deficiencies and assessments;…
  3. 151-5887 · Remedy exclusive; determination final
  4. 151-5888 · Determination of taxable income and income tax liability…
  5. 151-5891 · Tax a debt to the State
  6. 151-5892 · Action to collect taxes; limitations
  7. 151-5893 · Levy for nonpayment
  8. 151-5894 · Liability for failure or delinquency
  9. 151-5895 · Tax liability as property lien
  10. 151-5901 · Consent to use or disclosure of information
  11. 151-5902 · Persons preparing returns
  12. 151-5903 · Exceptions
  13. 151-5910 · Definitions; federal conformity
  14. 151-5911 · Taxation of an S corporation and its shareholders
  15. 151-5912 · Repealed. 2015, No. 134 (Adj. Sess.), § 13, eff. May 25, 2016
  16. 151-5913 · Part-year residence
  17. 151-5914 · Returns and mandatory payments
  18. 151-5915 · Minimum tax
  19. 151-5916 · Tax credits
  20. 151-5920 · Returns and mandatory payments
  21. 151-5921 · Minimum tax
  22. 151-5922 · Financial services development tax credit
  23. 151-5923 · 151-5923
  24. 151-5925 · Repealed. 2015, No. 57, § 98, effective June 11, 2015
  25. 151-5926 · Repealed. 2005, No. 75, § 16, eff. June 23, 2005
  26. 151-5927 · 151-5927
  27. 151-5929 · Repealed. 2005, No. 94 (Adj. Sess.), § 5, eff. March 8, 2006
  28. 151-5930 · Repealed. 2005, No. 94 (Adj. Sess.), § 5, eff. March 8, 2006
  29. 151-5930a · 151-5930a
  30. 151-5930c · 151-5930c
  31. 151-5930j · Repealed. 2005, No. 184 (Adj. Sess.), § 16
  32. 151-5930k · Repealed. 2005, No. 184 (Adj. Sess.), § 4(a), eff. January…
  33. 151-5930n · Repealed. 2005, No. 183 (Adj. Sess.), § 16(b)
  34. 151-5930p · 151-5930p
  35. 151-5930t · Repealed. 2005, No. 207 (Adj. Sess.), § 12, eff. May 31,…
  36. 151-5930u · Tax credit for affordable housing
  37. 151-5930v · Repealed. 2009, No. 1 (Sp. Sess.), § H.28(a), eff. January…
  38. 151-5930w · 151-5930w
  39. 151-5930y · Repealed. 2013, No 73, § 24, eff. January 1, 2014
  40. 151-5930z · Repealed. 2019, No. 51, § 40(1), eff. Jan. 1, 2019
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