The Vermont legislature made substantial changes to the Renter Rebate program in Act 160 of 2020. These changes took effect in the 2021 tax year, impacting claims filed during the 2022 income tax filing season and after. Below is a summary of the important changes to the program that landlords should know about.
Important Reminders for Landlords
Form LRC-140, Landlord Certificate has replaced Form LC-142, Landlord Certificate.
Landlords who file Form LRC-140 do not need to provide each tenant household with a Landlord Certificate.
Landlords with five or more tenants occupying any property are required to file Landlord Certificates through myVTax.
Landlords must complete one Landlord Certificate for each property owned that has its own SPAN and where one or more units are rented.
Landlords are not required to report net rent paid, except when the tenant’s rent is partially subsidized.
If you are the owner of a for-profit or a not-for-profit mobile home park or a land trust or cooperative, see instructions on how to file Form LRC-147, Statement of Rent for Mobile Home Park Lot Rent, Co-ops, Trusts.
You are a landlord if you own any property that you rent for residential use for periods of 30 or more consecutive days, with or without a lease. Apartments, single-family homes, condominiums, boarding homes, mobile homes, and lots for mobile homes are all examples of units that can be rented.
A landlord must provide the Vermont Department of Taxes with a completed LRC-140 Landlord Certificate by January 31 of each year.
The Landlord Certificate informs the Vermont Department of Taxes of the names of each renter along with the number of months rented and whether the rent was subsidized.
How to Complete the Certificate
Whether filing on myVTax or on paper, you must complete a separate Certificate for each rental property owned. You will need the following information to complete the certificate(s):
The name or the owner of the rental property. If multiple owners, print each owner name separated by a comma.
Mailing address for correspondence concerning this rental property.
Physical location of the rental property.
School Parcel Account Number (SPAN) for the rental property.
The number of rental units in this property. For mobile home parks, enter the number of lots.
Name(s) of the tenants, and if partially subsidized, how much they paid for occupancy.
Keep a copy for your records.
Enter an address in the search bar to find the School Property Account Number (SPAN) number of a property. Open the SPAN finder in new window.
How to File Online
The easiest way to complete a Landlord Certificate is online through myVTax, the Department’s online tax portal. Use our step-by-step guide to file a landlord certificate electronically.
Landlords with five or more tenants are required to file Landlord Certificates electronically.
How to Submit a Bulk Upload File
For those filing multiple landlord certificates, bulk filing is an option. Learn more about bulk filing using myVTax.
|GB-1127||myVTax Guide: How to Complete the Landlord Certificate|
|GB-1200||myVTax Guide: How to Submit Landlord Certificates as Bulk Upload|
|GB-1307||myVTax Guide: How to Submit Lot Rent Landlord Certificates as Bulk Upload|
|GB-1308||myVTax Guide: How to Complete the Lot Rent Landlord Certificate|
To file a paper Landlord Certificate, download a copy or you may request paper forms be mailed to you.
Mail the completed certificate form to:
Vermont Department of Taxes
P.O. Box 1881
Montpelier, VT 05601-1645
|LRC-140||Instructions||Vermont Landlord Certificate|
|LRC-147||Instructions||Statement of Rent for Mobile Home Park Lot Rent, Co-ops, and Land Trusts|
Renter Credit Webinar For organizations that work with renters or individuals who help renters file income tax returns, and other interested parties | January 5, 2022
In this webinar, the Department of Taxes provides a basic overview of the changes made to the Renter Rebate program in Act 160 of 2020. These changes took effect in the 2021 tax year, impacting claims filed beginning with the 2022 income tax filing season.
Renter Credit Webinar for Landlords, Housing Trusts, and Mobile Home Park Operators | December 17, 2021
In this webinar, the Department of Taxes provides a basic overview of the changes made to the Renter Rebate program in Act 160 of 2020. These changes take effect in the 2021 tax year, impacting claims filed beginning with the 2022 income tax filing season.