§ 662 - Income statements - Vermont Statutes

§ 662. Income statements

(a) A party to a proceeding under this subchapter shall file an affidavit of income and assets which shall be in a form prescribed by the court administrator. Upon request of either party, or the court, the other party shall furnish information documenting the affidavit. The court may require a party who fails to comply with this section to pay an economic penalty to the other party.

(b) Failure to provide the information required under subsection (a) of this section shall create a presumption that the noncomplying parent's gross income is the greater of:

(1) 150 percent of the most recently available annual average covered wage for all employment as calculated by the department of labor; or

(2) the gross income indicated by the evidence. (Added 1985, No. 180 (Adj. Sess.), § 10, eff. April 1, 1987; amended 1989, No. 220 (Adj. Sess.), § 24; 2005, No. 103 (Adj. Sess.), § 3, eff. April 5, 2006.)