32 V.S.A. § 10503 — Health Care Fund contribution assessment

(a) The Commissioner of Taxes shall assess and an employer shall pay a quarterly Health
Care Fund contribution for each full-time equivalent uncovered employee employed during
that quarter in excess of four full-time equivalent employees.
(b) The amount of the contribution shall be $158.77 for each full-time equivalent employee
in excess of four. Starting in calendar year 2018, the amount of the contribution
shall be adjusted annually by a percentage equal to any percentage change in premiums
for the second-lowest cost of all silver-level health benefit plans, whether offered
in or outside the Vermont Health Benefit Exchange.
(c) Health Care Fund contribution assessments under this chapter shall be determined on
a calendar quarter basis, due and payable on or before the 25th day of the calendar
month succeeding the close of each quarter. All administrative provisions of chapter
151 of this title shall apply to this chapter, except penalty and interest shall apply
according to chapter 103 of this title.
(d) Revenues from the Health Care Fund contributions collected shall be deposited into
the General Fund.
(e)(1) Notwithstanding any provision of law to the contrary, the Department of Taxes shall
provide the Joint Fiscal Office with all returns or return information relating to
the Health Care Fund contribution assessment, except information that would identify
a taxpayer. The information sharing required by this subsection shall occur quarterly
within a reasonable time following the return due date for each quarter.
(2) When handling information shared pursuant to this subsection, the Joint Fiscal Office
shall be subject to the same requirements and penalties as employees of the Department
of Taxes under section 3102 of this title. It shall be considered an unauthorized disclosure for an officer, employee, or agent
of the Joint Fiscal Office to disclose returns or return information provided pursuant
to this subsection that does not combine a taxpayer’s information with at least nine
other taxpayers. (