|BILL AS INTRODUCED||2007-2008|
Introduced by Representatives Shand of Weathersfield, Bissonnette of Winooski, Botzow of Pownal, Evans of Essex, Hutchinson of Randolph, Marcotte of Coventry, Masland of Thetford, Morley of Barton and Pellett of Chester
Subject: Taxation; property tax; town retention of small overpayments
Statement of purpose: This bill proposes to allow towns to retain any property tax overpayment of $10.00 or less, unless the taxpayer requests that it be returned.
AN ACT RELATING TO WRITE-OFF OF PROPERTY TAX OVERPAYMENTS
It is hereby enacted by the General Assembly of the State of Vermont:
Sec. 1. 32 V.S.A. § 4774(b) is amended to read:
(b) The treasurer or collector shall deposit to the general fund any tax overpayment by a taxpayer who has paid by mail or electronic fund transfer, provided that:
(1) the payment made was equal to the taxes due without regard to the discount under section 4773 of this title; and
overpayment amount is
$2.00 $10.00 or less.
If the taxpayer requests refund of such an overpayment within one year of payment, the treasurer or collector shall refund it.
The Vermont General Assembly
115 State Street