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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) There is established the General Fund, which shall be the basic operating fund of the State. The General Fund shall be used to finance all expenditures for which no special revenues have otherwise been provided by law.
(b) The General Fund shall be composed of revenues from the following sources:
(1) alcoholic beverage tax levied pursuant to 7 V.S.A. chapter 15;
(2) Repealed by 1999, Adj. Sess., No. 152, § 272b, eff. July 1, 2000.
(3) Repealed by 2021, Adj. Sess., No. 105, § 448, eff. July 1, 2022.
(4) corporate income and franchise taxes levied pursuant to chapter 151 of this title;
(5) individual income taxes levied pursuant to chapter 151 of this title;
(6) all corporation taxes levied pursuant to chapter 211 of this title;
(7) 69 percent of the meals and rooms taxes levied pursuant to chapter 225 of this title;
(8) Deleted by 2005, Adj. Sess., No. 191, § 43, eff. May 25, 2006.
(9) Repealed by 2021, Adj. Sess., No. 105, § 448, eff. July 1, 2022.
(10) 33 percent of the revenue from the property transfer taxes levied pursuant to chapter 231 of this title and the revenue from the gains taxes levied each year pursuant to chapter 236 of this title; and
(11) Repealed by Adj. Sess., Sp. Sess., No 11, § H.9, eff. July 1, 2018.
(12) all other revenues accruing to the State not otherwise required by law to be deposited in any other designated fund or used for any other designated purpose.
Cite this article: FindLaw.com - Vermont Statutes Title 32. Taxation and Finance, § 435. General Fund - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-32-taxation-and-finance/vt-st-tit-32-sect-435/
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