VT. NAT. TELEPHONE CO. v. DEPT. OF TAXES

No. 19-280.

250 A.3d 567 (2020)

2020 VT 83

VERMONT NATIONAL TELEPHONE COMPANY v. DEPARTMENT OF TAXES.

Supreme Court of Vermont.

October 9, 2020.

Reargument Denied November 2, 2020.


Attorney(s) appearing for the Case

William R. Prescott and Timothy C. Doherty, Jr. of Downs Rachlin Martin PLLC, Burlington, and Henry P. Bubel and Tiffany N. Tam of Patterson Belknap Webb & Tyler LLP, New York, New York, for Plaintiff-Appellant.

Thomas J. Donovan, Jr. Attorney General, and Will S. Baker , Assistant Attorney General, Montpelier, for Defendant-Appellee.

PRESENT: Reiber, C.J., Robinson, Eaton, Carroll and Cohen, JJ.


¶ 1. Vermont National Telephone Company (VNT) appeals the Commissioner of Taxes' determination that, pursuant to Department of Taxes Regulation § 1.5833-1, the capital gain VNT earned from the 2013 sale of two Federal Communications Commission (FCC) telecommunications licenses is subject to Vermont tax.1<...

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