Vermont Statutes Title 32. Taxation and Finance, § 7492. Determination of taxable gifts or estate and gift and estate tax liability under the laws of the United States

(1) A determination by the United States that establishes the amount of a taxpayer's taxable gifts or taxable estate or gift or estate tax liability under the laws of the United States shall be binding on the taxpayer and the State in calculating the taxpayer's liability to Vermont under this chapter. For purposes of this section, “determination by the United States” means:

(2) For any taxable year, the payment to the United States by any taxpayer of an aggregate amount of gift or estate tax, whether under a claim of deficiency, demand, or otherwise, and whether under protest or otherwise, shall be prima facie evidence for purposes of this chapter that the aggregate amount, less any refunds received by the taxpayer from the United States with respect to gift or estate tax payments for that year, as the case may be, constitutes the gift or estate tax liability of the taxpayer under the laws of the United States, and that the items of gifts or of an estate, or of income, deductions, exemptions, and credits with respect to which the gift or estate tax liability was calculated are the items of gifts or of an estate, or of income, deductions, exemptions, and credits of the taxpayer under the laws of the United States.

(3) For purposes of this section, the affidavit of any U.S. district director of internal revenue that a taxpayer: