Vermont Code § 32 V.S.A. § 5832

§ 5832. Tax on income of corporations
A tax is imposed for each calendar year, or fiscal year ending during that calendar
year, upon the income earned or received in that taxable year by every taxable corporation,
reduced by any Vermont net operating loss allowed under section 5888 of this title, such tax being the greater of:
(1) an amount determined in accordance with the following schedule:
(2)(A) $75.00 for small farm corporations. “Small farm corporation” means any corporation
organized for the purpose of farming, which during the taxable year is owned solely
by active participants in that farm business and receives less than $100,000.00 Vermont
gross receipts from that farm operation, exclusive of any income from forest crops;
or
(B) An amount determined in accordance with section 5832a of this title for a corporation that qualifies as and has elected to be taxed as a digital business
entity for the taxable year; or
(C) For C corporations with Vermont gross receipts from $0.00–$500,000.00, the greater
of the amount determined under subdivision (1) of this section or $100.00; or
(D) For C corporations with Vermont gross receipts from $500,001.00–$1,000,000.00, the
greater of the amount determined under subdivision (1) of this section or $500.00;
or
(E) For C corporations with Vermont gross receipts from $1,000,001.00–$5,000,000.00, the
greater of the amount determined under subdivision (1) of this section or $2,000.00;
or
(F) For C corporations with Vermont gross receipts from $5,000,001.00–$300,000,000.00,
the greater of the amount determined under subdivision (1) of this section or $6,000.00;
or
(G) For C corporations with Vermont gross receipts greater than $300,000,000.00, the greater
of the amount determined under subdivision (1) of this section or $100,000.00.

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