2005 Vermont Code - § 9612. — Interest

§ 9612. Interest

Any person who fails to pay any tax imposed by this chapter on or before the date when the tax is required to be paid shall pay interest on the unpaid amount of that tax at the rate per annum established from time to time by the commissioner pursuant to section 3108 of this title, to be calculated from the date the tax was required to be paid. All such interest shall be payable to and recoverable by the commissioner in the same manner as the tax imposed by this chapter. For a reasonable cause the commissioner may abate all or any part of such interest. (Added 1971, No. 73, § 45, eff. April 16, 1971; amended 1979, No. 105 (Adj. Sess.), § 36; 1981, No. 191 (Adj. Sess.), § 7.)