Vermont § 10453 - Reporting and documentation of coverage

§ 10453. Reporting and documentation of coverage

• (a) Each applicable individual who files or is required to file an individual income tax
  return as a resident of Vermont, either separately or jointly with a spouse, shall
  indicate on the return, in a manner prescribed by the Commissioner of Taxes, whether
  the individual had minimum essential coverage in effect for each of the 12 months
  of the taxable year for which the return is filed as required by section 10452 of
  this chapter, whether covered as an individual or as a named beneficiary of a policy
  covering multiple individuals. (b) An applicable individual who indicates on a Vermont income tax return that the individual
  had minimum essential coverage shall provide to the Department of Taxes, upon the
  Department’s request, a copy of the statement of coverage furnished to the individual
  pursuant to 26 U.S.C. § 6055 by the provider of the individual’s minimum essential coverage. (c) In the event that the requirement for providers of minimum essential coverage to furnish
  a statement of coverage to individuals pursuant to 26 U.S.C. § 6055 is suspended or eliminated for any taxable year, the Department of Vermont Health
  Access and each employer, health insurance carrier, and other entity providing minimum
  essential coverage to residents of this State shall submit a return to the Department
  of Taxes including the same information as had been provided to the Internal Revenue
  Service pursuant to 26 U.S.C. § 6055 at such time and in such form as the Commissioner of Taxes shall require. (Added 2019, No. 63, § 1, eff. Jan. 1, 2020.)