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Monday, January 27, 2014

Vermont introduces Bill to Create "Dormant" Captives

Vermont legislators have introduced legislation to provide a "dormant" status for captives in the state. According to a review of the bill by ABIA outside counsel Chris Datskos, McIntyre & Lemon, PLLC, this dormant status could be used when owners do not have immediate use for the captive and would provide the benefit of an exception from the payment of taxes collected on premiums.

Read the Bill, VT H 563