Vermont § 5870 - Reporting use tax on individual income tax returns

§ 5870. Reporting use tax on individual income tax returns

• (a) The Commissioner of Taxes shall provide that individuals report use tax on their State
  individual income tax returns. Taxpayers are required to attest to the amount of their
  use tax liability under chapter 233 of this title for the period of the tax return.
  Alternatively, they may elect to report an amount that is a percentage of their adjusted
  gross income determined under subsection (b) of this section, and use tax liability
  arising from the purchase of each item with a purchase price in excess of $1,000.00
  shall be added to the table amount shown under subsection (b) of this section. (b) The amount of use tax a taxpayer may elect to report under subsection (a) of this
  section shall be based on the taxpayer’s adjusted gross income as determined by the
  following tables; provided, however, that a taxpayer shall not be required to pay
  more than $150.00 for use tax liability under this subsection arising from total purchases
  of items with a purchase price of $1,000.00 or less. If adjusted gross income is: The tax is: Not over $20,000.00 $ 0.00 $20,001.00 to $30,000.00 $10.00 $30,001.00 to $40,000.00 $15.00 $40,001.00 to $50,000.00 $20.00 $50,001.00 to $60,000.00 $25.00 $60,001.00 to $70,000.00 $30.00 $70,001.00 to $80,000.00 $35.00 $80,001.00 to $90,000.00 $40.00 $90,001.00 to $100,000.00 $45.00 $100,001.00 and over the lesser of $150.00 or 0.05% of adjusted gross income (Added 2003, No. 68, § 35, eff. June 18, 2003; amended 2009, No. 160 (Adj. Sess.), § 37; 2013, No. 174 (Adj. Sess.), § 33, eff. Jan. 1, 2015; 2015, No. 57, § 95, eff. Jan. 1, 2016; 2015, No. 57, § 96, eff. Jan. 1, 2017; 2017, No. 73, § 20, eff. Jan. 1, 2017; 2019, No. 175 (Adj. Sess.), § 8, eff. Jan. 1, 2020.)