Finance
Vermont's land gains tax (formerly the Vermont Land Gains Tax) historically targeted:
AAll Vermont real estate transactions
BShort-term speculative real estate gains, applying higher rates to properties sold quickly after purchase✓ Correct
COnly agricultural land sales
DProperties sold for less than market value
Explanation
Vermont's Land Gains Tax (repealed in 1988 but important historically) imposed higher tax rates on gains from properties sold shortly after purchase, discouraging short-term speculation in Vermont real estate.
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