Technical Bulletins

Technical bulletins contain general information on a subject. They are not intended as advice with respect to a specific fact situation, but rather are intended to provide general guidance to the public on a topic. They often will be industry specific and provide information derived from several statutes. They are not appealable.

Technical bulletins must be approved by the Commissioner and are available to the public.

TB #	Tax Type	Date Issued	Description	Law Reference
1	Land Gains	07/21/1995	Basis of land acquired through foreclosure or transfer in lieu of foreclosure	32 V.S.A. § 10005(a)
2	Sales Tax	08/18/1995	501(c)(3) Non-Profit Organizations Exemption - to define exemption criteria of Section 9742(3), as amended by 1995 Legislature	32 V.S.A. §9743(3)
3	Franchise Tax	02/14/1996	Exclusion of deposits held outside Vermont by taxpayers operating in more than one state	32 V.S.A. §5836(b)
4	All Taxes	06/26/1996	Substitute forms requirements	32 V.S.A. §3201(A)(6)
5	Income Tax	11/9/2006	S. Corporation, Partnership and Limited Liability Company returns; estimated payments of income tax by these entities on behalf of their shareholders, partners or members. (Orig. 1/97)	32 V.S.A. §5914
6	Income Tax	05/9/1997	Estimated payment by S Corporations, Partnerships and limited LIability Companies on behalf of shareholders, partners and members	32 V.S.A. §5914 32 V.S.A. §5920
7	Sales Tax	07/24/1997	Sales tax on telecommunications services	32 V.S.A. §9701(9)(H)
8	Sales Tax	07/24/1997	Sales Tax exemptions for materials used in the construction of manufacturing or downtown redevelopment facilities	32 V.S.A. §9741(38) 32 V.S.A. §9741(39)
9	Sales Tax	12/18/1997	FAQ for TB-8 - Sales tax exemptions for materials used in the construction of manufacturing or downtown redevelopment facilities	32 V.S.A. §9741(38) 32 V.S.A. §9741(39)
10	Income Tax	06/19/1998	Installment sales of real estate	32 V.S.A. §5823(b)
11	Sales & Use	07/14/1998	The packaging exemption from the Vermont sales and use tax applied to returnable and reusable items	32 V.S.A. §9741(16)
12	Sales & Use	08/31/1998	TB-12 pertained to an imposition of sales tax on service contracts which existed briefly in 1998 and was repealed by 1999 Act 49 §71	Superceded by Statutory Change
13	Meals & Rooms	10/13/1998	Purchaser based treatment of VT Meals & Rooms Tax	32 V.S.A. §§9201-9281
14	Sales Tax	04/29/2002	Requirement to collect Local Option Sales Taxes (Orig. 2/99)	Superceded by TB-37
15	Income Tax	02/01/1999	Real estate withholding tax, installment sales of real estate	32 V.S.A. §5847 32 V.S.A. §5847(a)
16	Sales & Use	10/20/1999	Sales tax exemption for clothing	32 V.S.A. §9741(45)
17	Sales & Use	11/18/1999	Sales tax exemption for clothing	32 V.S.A. §9741(45)
18	Household Income	03/03/2000	Treatment of retirement plan transfers for household income	32 V.S.A. §6061 *NOTE - does not reflect current law
19	Sales & Use	03/14/2000	Sales by tax exempt organizations	32 V.S.A. §9741(3)
20	Act 60 Homeowner	03/23/2000	Claim of descendents	32 V.S.A. §6063
21	Property Tax	05/03/2000	Removable greenhouse	32 V.S.A. §3618
22	Corporate Income	06/22/2000	Consolidate returns Investment & Holding Companies	32 V.S.A. §5837 32 V.S.A. §5862(c)
23	Income Tax	12/08/2005	Determining the correct VT withholding by employers	32 V.S.A. §5841
24	Income Tax	10/16/2003	Exemption of U.S. Govt. obligations from personal income tax	32 V.S.A. §5823(a)(1) 31 U.S.C. §3124(a)
25	Meals & Rooms	06/03/2003	Williston Local Option Tax	24 V.S.A. §138(b)(2)&(3)
26	Sales & Use	06/19/2003	Temporary Exemption for Computers	2003 Act 67 §25
27	Sales & Use Meals & Rooms	07/21/2003	Computation of Tax on Non monetary (Barter) Transactions	32 V.S.A. §§ 9241,9771 &9773
28	Property Tax	02/06/2004	Non Arms-Length Transactions	32 V.S.A. §6071
29	Property Tax	03/08/2004	TB-29 pertained to the inclusion of tax exempt "Difficulty of Care" payment in Household Income and was replaced by Technical Bulletin 31	Superceded by TB-31
30	Sales & Use	07/07/2004	Temporary Exemption for Computers	2004 Act 121 §51
31	Property Tax	10/04/2005	Inclusion of tax exempt "Difficulty of Care" payments in Household Income	Superceded by Subsequent Legislation
32	Property Tax	07/19/2006	Appraisal of multi-family affordable residential rental property	32 V.S.A. §3481 12 U.S.C. §1701q 12 U.S.C. §1715z-1 42 U.S.C. §1437 42 U.S.C. §1437f 42 U.S.C. §1485
33	Income Tax	11/28/2006	Credit for Vermont Higher Education Investment Plan Contributions	32 V.S.A. §5825a
34	Land Gains Tax	01/16/2007	Land Gains Tax Allocations (Supercedes Guidelines dated July 2001)	32 V.S.A. §10001 32 V.S.A. §10002 32 V.S.A. §10005
35	Income Tax	03/13/2007	Net Operating Losses	32 V.S.A. §5811(25) 32 V.S.A. §5832 32 V.S.A. §5888
36	Corporate Income Tax	03/16/2007	Intercompany Transactions in Unitary Combined Group Returns	Reg. 1.5862(d)-7(e)(5) 26 CFR 1.1502-13
37	Sales Tax	03/16/2007	Requirement to collect Local Option Sales Taxes	32 V.S.A. § 138
38	Income Tax	05/31/2007	Credit for Taxes Paid to Another State or Canadian Province	32 V.S.A. § 5825
39	Property Transfer	10/05/2007	Exemption for Transfers Made to a Corporation, Partnership or Limited LIability Company at the Time of Its Formation	11 V.S.A. § 1621 11 V.S.A. § 3022 11A V.S.A. §2.01, 2.03 32 V.S.A. § 9603 32 V.S.A. § 9603(11) 32 V.S.A. § 9603(15) 32 V.S.A. § 9603(24)
40	Income Tax	1/07/2008	Conversion of Net Operating Loss to Separate Vermont Net Operating Loss	Reg. 1.5862(d) 32 V.S.A. § 5811(25) 32 V.S.A. § 5832 32 V.S.A. § 5888 TB-35
41	Sales and Use Tax	5/22/2008	Sales and Use Tax Holiday	2008 H.888, Section 73
42	Income Tax	6/10/2008	Adjustment to Household Income on Form HI-144 for Employment and Self-Employment Taxes Withheld or Paid	32 V.S.A. § 6061
43	Sales and Use Tax	7/01/2008	Increase in Sales and Use Tax Cap on Tracked Vehicles	32 V.S.A.§ 9741 (38)

Technical Bulletins

TB #

Tax Type

Date Issued

Description

Law Reference

12

Sales & Use

08/31/1998

TB-12 pertained to an imposition of sales tax on service contracts which existed briefly in 1998 and was repealed by 1999 Act 49 §71

Superceded by Statutory Change

14

Sales Tax

04/29/2002

Requirement to collect Local Option Sales Taxes (Orig. 2/99)

Superceded by TB-37

29

Property Tax

03/08/2004