{"data":{"id":"us-vt/32-v.s.a.-7442a","jurisdiction":"us-vt","citation":"32 V.S.A. § 7442a","heading":"Imposition of a Vermont estate tax and rate of tax","body":"(a) A tax is hereby imposed on the transfer of the estates of decedents as prescribed by this chapter.\n(b) The tax shall be computed as follows. The following rates shall be applied to the Vermont taxable estate:\nAmount of Vermont Taxable Estate | Rate of Tax\nUnder $5,000,000.00 | None\n$5,000,000.00 or more | 16 percent of the excess over $5,000,000.00\nThe resulting amount shall be multiplied by a fraction not greater than one, where the numerator of which is the value of the Vermont gross estate plus the value of gifts under subdivision 7402(14)(C) of this title with a Vermont situs, and the denominator of which is the federal gross estate plus the value of gifts under subdivision 7402(14)(C) of this title.\n(c) All values shall be as finally determined for federal estate tax purposes.\n(d) [Repealed.]","path":["Title 32: Taxation and Finance","Chapter 190: Estate and Gift Taxes","Subchapter 003: ESTATE TAX"],"source_url":"https://legislature.vermont.gov/statutes/section/32/190/07442a","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T17:17:10Z","sha256":"db3fa8660b062c96e1213e5828ea03d2832cb6b3f01340ffc00ab0e0614399f3","source_id":"us-vt","stale":false,"prev":"us-vt/32-v.s.a.-7442","next":"us-vt/32-v.s.a.-7443"},"notice":"GroundRules: Original legal text. Not legal advice."}