Vermont department of taxes property transfer tax return online service proposal
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Vermont Department of Taxes Property Transfer Tax Return Online Service Proposal. Created by the Vermont Department of Taxes (VDT) and Vermont Information Consortium (VIC) January 26, 2009. Presented by Mike Piwowarski Vermont Department of Taxes. PTTR: What is it?.

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Vermont Department of Taxes Property Transfer Tax Return Online Service Proposal

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Vermont department of taxes property transfer tax return online service proposal

Vermont Department of Taxes Property Transfer Tax Return Online Service Proposal

Created by the Vermont Department of Taxes (VDT)

and Vermont Information Consortium (VIC)

January 26, 2009

Presented by Mike Piwowarski

Vermont Department of Taxes


Pttr what is it

PTTR: What is it?

  • The Property Transfer Tax Return online service (PTTR) will allow transferors/ transferees or their representatives to complete and submit a transfer tax return electronically over the Internet.


What will it do

What Will It Do?

This service will:

  • Allow for electronic filing of property transfer returns and payments

  • Provide more accurate and complete information about transfers

  • Expedite payment to Vermont Department of Taxes


Who will be affected

Who will be affected?

Key stakeholders include:

  • Transferors/transferees of property, or their representatives

  • Municipal clerks

  • Vermont Department of Taxes

  • Independent property data analysts


When will the service be available

When will the service be available?

Pending approval, the projected launch is 2010.

Application development is anticipated to begin in

Spring, 2009.

The Vermont Department of Taxes (VDT)

is working with the state’s e-government vendor

Vermont Information Consortium (VIC) to create

the service.


Who is vic

Who is VIC?

VIC signed a long-term contract with the state in 2006 tobuild eGovernment services.

To date, VIC has designed and/or developed dozens of services and websites for the state, including the stateportal and four services for VDT: VTPay, BizFile, Tax Filing and Refund Status Lookup, and File Your Homestead Declaration.Others services developed for Vermont by VIC include:

• DMV Express (renew vehicle registrations)• Court Pay (pay court fines and traffic tickets)• Order Vital Records• Obtain a Criminal Conviction Record


Limitations of current process

Limitations of current process

  • Labor-intensive

  • Municipal clerks must hold checks

  • Electronic payments are not available

  • Lack of information on outstanding returns for the VDT


Future process

Future Process

Municipal Clerks

Transferors/Transferees/ Representatives

Each municipal clerk (MC) is notified via email of availability of PTTRs in web queue

Complete online PTTR form

System assigns a

Unique ID #

PTTR Web Queue of completed returns

MC logs into PTTR service,verifies the return, records book and page #, and acknowledges PTTR

Unique ID # recorded on deed

Closing occurs

Form

T/T/R submits PTTR electronically with payment

Electronic Payment

Vermont Department of Taxes


Benefits to future process

Benefits to Future Process

Benefits:

  • 24/7/365 online access to property transfer return service

  • Municipal clerks no longer need to match property transfer returns and payments and send together to VDT

  • VDT is better able to track property transfers

  • Transferors/transferees/representatives payment for property transfers will be through ACH debit or credit. (not yet determined).

  • Town copy of returns does not have tax ID numbers.


Risks

Risks

  • Legislative changes required

    • Money flow directly to VDT

    • Related issues

  • Adoption of new process

  • Technical


Additional documents

Additional Documents

  • Statement of Work

  • Process Flow document – Current

  • Process Flow document – Future

    Please visit the following URL to view these documents:

    http://www.state.vt.us/tax/pttronlineinfo.shtml


Thank you

Thank You

Q & A


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