Vermont § 5820 - Purpose
Full text of Vermont Vermont Statutes Online § 5820 — Purpose, with citation guidance and answers to common questions.
§ 5820. Purpose
- (a) This chapter is intended to conform the Vermont personal and corporate income taxes
with the U.S. Internal Revenue Code, except as otherwise expressly provided, in order
to simplify the taxpayer’s filing of returns, reduce the taxpayer’s accounting burdens,
and facilitate the collection and administration of these taxes. (b) It is intended that, for any taxable year, individuals, estates, and trusts shall
be taxed upon only their Vermont income for that year, but that the rate at which
the Vermont income of any taxpayer is taxed under this chapter shall reflect the taxpayer’s
ability to pay as measured by his or her adjusted gross income for the taxable year. (Added 1966, No. 61 (Sp. Sess.), § 1, eff. Jan. 1, 1966; amended 1967, No. 121, § 3, eff. Jan. 1, 1968 for taxable years beginning on or after Jan. 1, 1968.)
Frequently Asked Questions About Vermont § 5820
What does Vermont Statutes Online § 5820 cover?
Section 5820 ("Purpose") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 5820?
A common citation format is "Vermont Statutes Online § 5820" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 5820 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.