Section 10 060 009 - EFFECTIVE DATE OF CHAPTER 152 OF TITLE 32 V.S.ASection 5813 EFFECTIVE DATE OF CHAPTER 15 OF TITLE 3 V.S.A (a) Chapter 152 of Title V.S.A. was enacted into law, as 1966 Public Acts No. 61. on March 19, 1966. The new statute become effective as of January 1, 1966. Chapter 152 supersedes, as hereinafter set forth, the personal income tax and corporate franchise tax provisions of Chapters 151, 153, 155 and 157 of Title 32 V.S.A.(b) Execpt as provided in paragraph (c) of this Regulation, Chapter 152 now governs, with respect to all taxable years beginning after December 31, 1965, the taxation of individuals, trusts, estates, and corporations; the withholding of taxes by employers; estimations of non-withheld income tax; the filing of returns; and the payment of taxes. Whatever the taxable year involved, Chapter 152 now governs notices of deficiences; assessments of penalties and interest, petitions for refunds, appeals, and actions or proceedings for enforcement and collection, insofar as such notices, assessments, petitions, appeals, actions or proceedings are commenced subsequent to March 19, 1966.(c) Notwithstanding paragraph (b) of this Regulation, Chapters 153, 155 and 157 remain in effect with respect to the imposition of franchise taxes upon, and to the payment and return of such taxes by, corporations for all "privilege" years beginning prior to January 1, 1967. Statutory Authority: 32 V.S.A. Chapter 15210-009 Code Vt. R. 10-060-009-X
Adopted, March 31, 1966
Effective Date: April 1966