Vermont § 3017 - Failure to file a report or pay the tax when due; penalty

§ 3017. Failure to file a report or pay the tax when due; penalty

• (a) Any person who fails to file a report when due shall pay a fee of $10.00 as partial
  compensation for the added administrative costs. (b) In addition to the fee prescribed in subsection (a) of this section, any person who
  fails to pay any tax when due, except a tax assessed pursuant to sections 3016 and 3018 of this title, shall pay in addition to the tax interest calculated at one and one-half percent
  per month on the tax from the due date, until paid. In addition, if the taxpayer fails
  to pay the tax liability in full within 30 days, a penalty equal to five percent of
  the outstanding tax liability for each month or portion of a month shall be paid;
  provided, however, that in no event shall the amount of the penalty imposed under
  this section exceed 25 percent of the tax liability unpaid on the prescribed date
  of payment. The Commissioner may remit all or any part of the penalty if the Commissioner
  is satisfied that the delay was excusable. (Added 1981, No. 172 (Adj. Sess.), § 1; amended 2023, No. 85 (Adj. Sess.), § 310, eff. July 1, 2024.)