Vermont § 602 - Penalty and interest
Full text of Vermont Vermont Statutes Online § 602 — Penalty and interest, with citation guidance and answers to common questions.
§ 602. Penalty and interest
- (a) Any installment not paid by the due dates established in section 601 of this charter
shall be delinquent and there shall immediately be added to the amount due a penalty
charge for late payment equivalent to three percent of the delinquent installment.
After the expiration of 30 days from the due date of each installment, an additional
penalty charge of five percent shall be added to the amount due. (b) Interest. An additional interest charge in the amount of one percent of the unpaid
tax per month or fraction thereof shall be added to any tax not paid on or before
the dates specified in section 601 of this charter. (c) All charges, fees, interest, and other added amounts shall be cumulative and shall
accrue at the times and in the manner specified in this charter. (Amended 2009, No. M-20, § 4.)
Frequently Asked Questions About Vermont § 602
What does Vermont Statutes Online § 602 cover?
Section 602 ("Penalty and interest") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 602?
A common citation format is "Vermont Statutes Online § 602" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 602 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.