{"data":{"id":"us-vt/32-v.s.a.-7473","jurisdiction":"us-vt","citation":"32 V.S.A. § 7473","heading":"Allocation of payments","body":"(a) Any payment received by the Commissioner from any taxpayer with respect to a tax liability of the taxpayer may be applied to any tax liability in the following order of priority, notwithstanding any direction by the taxpayer to the contrary:\n(1) first, against any portion of any tax liability initially incurred with respect to a preceding taxable year, with the portion incurred with respect to the earliest preceding taxable year to be satisfied before any portion incurred with respect to any succeeding taxable year; and\n(2) next, against any portion of any tax liability incurred with respect to the current taxable year.\n(b) As to each portion, the payment shall be applied as follows:\n(1) first, to the amount of any interest;\n(2) next, to the amount of any penalty;\n(3) next, to the amount of any fee; and\n(4) next, to the amount of any unpaid tax, incurred with respect to the taxable year.","path":["Title 32: Taxation and Finance","Chapter 190: Estate and Gift Taxes","Subchapter 004: GENERAL PROVISIONS"],"source_url":"https://legislature.vermont.gov/statutes/section/32/190/07473","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T17:17:10Z","sha256":"295d61c92f5f957b4102867f35b8b59d67d8b4a7ece72bd4350a7eec83c8d00a","source_id":"us-vt","stale":false,"prev":"us-vt/32-v.s.a.-7472","next":"us-vt/32-v.s.a.-7474"},"notice":"GroundRules: Original legal text. Not legal advice."}