Vermont § 5841 - Requirement and rate of withholding

§ 5841. Requirement and rate of withholding

• (a) Every person who is required under the laws of the United States to withhold federal
  income tax from payments that are also subject to Vermont income tax shall deduct
  and withhold during the calendar year from the payments made by such person such amount
  as the Commissioner shall prescribe. Every person who makes payments of income with
  respect to services performed for such person that were previously deferred under
  a nonqualified deferred compensation plan shall deduct and withhold during the calendar
  year from the payments made by such person six percent of any payment (including any
  withheld tax) of such previously deferred income and of income derived from such previously
  deferred income. The Commissioner may authorize any person to deduct and withhold
  Vermont income tax from any other payments that are subject to the tax imposed by
  this chapter. Notwithstanding the foregoing, banks (as defined in 8 V.S.A. § 909a(a)) shall not be required to withhold Vermont income tax from payments that are subject
  to federal back-up withholding. (b) The Commissioner shall establish such withholding tables, schedules, or formulae as
  will result in the withholding of such amounts from the payments made by any person
  during any taxable year, as shall closely approximate the income tax liabilities of
  the recipients of those payments with respect to those payments for that year under
  this chapter. (c) Every person who is required under this subchapter to withhold income taxes from payments
  of income, except for the government of the United States, shall provide the aggregate
  cost of applicable employer-sponsored coverage required under 26 U.S.C. § 6051(a)(14) regardless of the number of W-2 forms filed. (Added 1966, No. 61 (Sp. Sess.), § 1, eff. Jan. 1, 1966; amended 1985, No. 266 (Adj. Sess.), § 3, eff. June 4, 1986; 1989, No. 210 (Adj. Sess.), § 298, eff. June 1, 1990; 1989, No. 222 (Adj. Sess.), § 6, eff. May 31, 1990; 1991, No. 67, § 24, eff. June 19, 1991; 2015, No. 57, § 67.)