Vermont Statutes Title 3 Sec. 2514
Terms Used In Vermont Statutes Title 3 Sec. 2514
- Benefit: means any abatement, loan, or grant awarded to the business as enumerated in subdivision (2) of this section. See
- Business: means any individual, partnership, corporation, or other entity that has been granted a tax abatement pursuant to the provisions of Title 24, or has been granted a loan or a grant by any board, commission, or program established under the provisions of Title 10 or 24, or under the provisions of this title. See
- Commissioner: means the Commissioner of Taxes. See
- Person: shall include any natural person, corporation, municipality, the State of Vermont or any department, agency, or subdivision of the State, and any partnership, unincorporated association, or other legal entity. See
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
§ 2514. Enforcement
(a) Any assessment made pursuant to this subchapter shall be a debt against the business, or the successors in interest who are not bona fide purchasers as that term is defined under the Uniform Commercial Code, 9A V.S.A., or the principles of the business, or the applicants who applied for the benefit, or the promisors or guarantors who acted as accommodation parties to facilitate the benefit.
(b) The Commissioner may file a security interest against the property of the business or person liable under subsection (a) of this section.
(c) The Commissioner may bring a civil action in Washington County Superior Court against any business or person set forth in subsection (a) of this section who fails to make payment by the date set forth in section 2513 of this title and may seek from the court penalties of no more than $10,000.00 if that business or person set forth in subsection (a) of this section has failed to provide the notice required under section 2512 of this title. (Added 1993, No. 221 (Adj. Sess.), § 10.)