The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 32 V.S.A. § 8919)
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§ 8919. Additional assessments
(a) If the Commissioner is not satisfied that the report filed or the amount of tax paid
by a rental company is accurate, after investigating and finding such inaccuracy,
he or she may make an additional assessment of taxes due from such rental company
based upon his or her investigation. A penalty equal to 10 percent and interest at
the rate of one and one-half percent per month shall be payable on the additional
assessment, with interest computed from the date the tax payment was due. The Commissioner
shall give notice by mail to the rental company of the additional assessment, penalty,
and interest and shall designate the error or reason for such assessment. Payment
shall be due within 30 days of the date of mailing the notice.
(b) When no report or payment of tax has been made as required by subsection 8905(d) of this title, or when a willfully false or fraudulent report has been filed, the tax may be assessed
at any time; in all other cases, no assessment of additional tax, and the mailing
of notice thereof, shall be made after the expiration of three years from the date
of filing a report. (Added 1983, No. 251 (Adj. Sess.), § 13, eff. Jan. 1, 1985.)