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Form CVO-003 Vermont

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Form CVO-003 Vermont

Rental Company Tax Report

To file a tax report by a rental company.

The document outlines instructions for completing a rental tax report for vehicles rented on a short term basis in Vermont, as required by 32 VSA § 8903. The report includes total base rental charges, mileage charges, and other taxable rental charges for the reporting period. Vehicles exempt from purchase and use tax include pleasure cars, trailer coaches, and trucks with a gross vehicle weight of 26,000 lbs. or less, trailers and semi-trailers with a gross weight of 3,000 lbs. or less. Reports must be completed in full and submitted by the due date to avoid penalties, including a late filing fee and interest on tax liability. Payment can be made by check or ACH, with instructions provided for each payment type.

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