32 V.S.A. § 7492 — Determination of taxable gifts or estate and gift and estate tax liability under the laws of the United States

For purposes of this chapter, a taxpayer’s taxable gifts or taxable estate or gift
or estate tax liability under the laws of the United States shall be determined by
reference to the judicial decisions and administrative rulings of the United States.
(1) A determination by the United States that establishes the amount of a taxpayer’s taxable
gifts or taxable estate or gift or estate tax liability under the laws of the United
States shall be binding on the taxpayer and the State in calculating the taxpayer’s
liability to Vermont under this chapter. For purposes of this section, “determination
by the United States” means:
(A) a decision by the Tax Court of the United States or a judgment, decree, or other order
by any U.S. court of competent jurisdiction that has become final; or
(B) a closing agreement under 26 U.S.C. § 7121.
(2) For any taxable year, the payment to the United States by any taxpayer of an aggregate
amount of gift or estate tax, whether under a claim of deficiency, demand, or otherwise,
and whether under protest or otherwise, shall be prima facie evidence for purposes
of this chapter that the aggregate amount, less any refunds received by the taxpayer
from the United States with respect to gift or estate tax payments for that year,
as the case may be, constitutes the gift or estate tax liability of the taxpayer under
the laws of the United States, and that the items of gifts or of an estate, or of
income, deductions, exemptions, and credits with respect to which the gift or estate
tax liability was calculated are the items of gifts or of an estate, or of income,
deductions, exemptions, and credits of the taxpayer under the laws of the United States.
(3) For purposes of this section, the affidavit of any U.S. district director of internal
revenue that a taxpayer:
(A) has paid a specified aggregate amount of gift or estate tax;
(B) has received a specified amount of refund with respect to his or her gift or estate
tax payments; or
(C) has paid any amount of tax calculated with respect to specified items of gifts or
of an estate, or of income, deductions, exemptions, or credits, shall be prima facie
evidence of the truth of those matters set forth in the affidavit. (