Vermont taxable estate definition

Vermont taxable estate means the value of the Vermont gross estate, reduced by the proportion of the deductions and exemptions from the value of the federal gross estate allowable under the laws of the United States, which the value of the Vermont gross estate bears to the value of the federal gross estate. federal taxable estate as provided under Section 2051 of the Internal Revenue Code, without regard to whether the estate is subject to the federal estate tax:
Sample 1Sample 2
Vermont taxable estate means the value of the Vermont gross
Sample 1Sample 2Sample 3
Vermont taxable estate means the value of the Vermont gross estate, reduced by the
Sample 1Sample 2

Examples of Vermont taxable estate in a sentence

  • The Vermont estate tax will be imposed on the value of a decedent’s Vermont taxable estate that exceeds $2,750,000, at a rate of 16%.

  • Vermont taxable estate" means thevalue of the Vermont gross estate, reduced by theproportion of the deductions and exemptions from the value of the federal gross estate allowableunder the laws of the United States, which the value of the Vermont gross estate bears to the value ofthe federal gross estate.

  • Vermont taxable estate" means thevalue of the Vermont gross estate, reduced by theproportion of the deductions and exemptions from the value of the federal gross estate allowableunder the laws of the United States, which the value of the Vermont gross estate bears to thevalue of the federal gross estate.

  • A 16 percent tax is hereby imposed on the transfer of the Vermont taxable estate of every decedent dying on or after January 1, 2002, who, at the time of death, was a resident of this State.

Related to Vermont taxable estate

  • Taxable Event means any change in control or other event which triggers the imposition of any Excise Tax on any Payment.

  • MUNICIPAL TAXABLE INCOME means the following:

  • casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in the taxable territory where he has no fixed place of business;

  • taxable service means any service provided or to be provided –

  • Taxable Public Property means all Assessor’s Parcels of Public Property that are not exempt pursuant to Section E below.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Taxable REIT Subsidiary means a “taxable REIT subsidiary” within the meaning of Section 856(l) of the Code.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Tax Group means any federal, state, local or foreign consolidated, affiliated, combined, unitary or other similar group of which the Acquiror Company is now or was formerly a member.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • State premium tax liability means any liability

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Transaction Payroll Taxes means the employer portion of any payroll or employment Taxes incurred or accrued with respect to any bonuses, option exercises, payments to employee stock option holders or other compensatory payments made in connection with the transactions contemplated by this Agreement.

  • Taxable Wage Base means, with respect to any Plan Year, the contribution and benefit base under Section 230 of the Social Security Act at the beginning of such Plan Year.

  • Seller’s Taxes shall have the meaning set forth in Section 5.4(a) hereof.

  • Qualifying Property means a primary residence that a qualified applicant owned and occupied

  • Taxable means either:

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Taxable Property means all Assessor’s Parcels which are not Exempt Property.

  • Tax Law means the law of any governmental entity or political subdivision thereof relating to any Tax.

  • non-taxable territory means the territory which is outside the taxable territory;

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Tax Period means, with respect to any Tax, the period for which the Tax is reported as provided under the Code or other applicable Tax Law.

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • VAT Group means a group as defined in Section 15 of the Value Added Tax Consolidation Xxx 0000 and any similar VAT grouping arrangement in any other jurisdiction.