Vermont § 1804 Tax exempt status

Vermont Statutes

§ 1804 — Tax exempt status

Vermont § 1804

Title 8Title 8: Banking and Insurance

Ch. 65Chapter 065: Development Credit Corporations

This text of Vermont § 1804 (Tax exempt status) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 8, § 1804 (2026).

Text

Being an institution of public welfare created primarily to increment, augment, and increase sources of taxation within the State, and, in order to induce continuing public support to the corporation, earnings of the corporation shall be exempt from State income taxes, and the holder or holders of any security issued by the corporation shall, in like manner, be exempt from payment of income taxes on dividends or interest paid thereon.

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Being an institution of public welfare created primarily to increment, augment, and increase sources of taxation within the State, and, in order to induce continuing public support to the corporation, earnings of the corporation shall be exempt from State income taxes, and the holder or holders of any security issued by the corporation shall, in like manner, be exempt from payment of income taxes on dividends or interest paid thereon.

Legislative History

(Added 1969, No. 64, § 1, eff. Jan. 1, 1970.)

Nearby Sections

4

§ 1801

Purposes

§ 1802

General and specific power

§ 1803

Determination of public good

§ 1804

Tax exempt status

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Bluebook (online)

Vermont § 1804, Counsel Stack Legal Research, https://law.counselstack.com/statute/vt/65/1804.