2005 Vermont Code - § 7482. — Penalty for late filing

§ 7482. Penalty for late filing

(a) When a taxpayer, without fraud or willful intent to defeat or evade any tax liability imposed by this chapter, fails to file a return at the time prescribed by this chapter, the taxpayer shall pay, at the time that return is filed, without assessment or demand, in addition to the tax liability due, if any, a late filing fee of $2.00 for each month or portion thereof expiring before the filing of a proper return in accordance with this chapter; provided, however, that in no event shall the amount of late filing fee imposed hereunder exceed $50.00.

(b) When a taxpayer fraudulently or with willful intent to defeat or evade any tax liability imposed by this chapter fails to file a return at the time prescribed by this chapter, the taxpayer shall pay, at the time that return is filed, without assessment or demand in addition to the tax liability due, if any, a late filing fee of $25.00 for each month or portion thereof expiring before the filing of a proper return in accordance with this chapter. (Added 1969, No. 269 (Adj. Sess.), § 1, eff. date, see note under § 7401 of this title; amended 1979, No. 105 (Adj. Sess.), § 18.)