Vermont Tax Department Releases Revised Publication on Land Gains Tax

The Vermont Department of Taxes July 1 issued a revised publication on land use gain tax, which provides guidelines on the state’s Land Gains Tax, including exemptions, filing requirements, and three distinct filing options for taxpayers dealing with the sale or exchange of subdivided land held for fewer than six years. [Vt. Dept. of Taxes, Publication FS-1155, Revised Aug. 2024, 07/01/24]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.