Vermont compliance at a glance
- Sales tax: 6.00% state rate. State 6%; combined up to 7% with local option.
- Late fees: Up to 1.5% per month. (Vt. Stat. tit. 9, §41a) Default 12%/yr; contract rates up to 18%/yr or 4.5% over Fed discount.
- Prompt-pay law: Vermont Prompt Payment Act (9 V.S.A. §4001 et seq.). Subs paid within 7 days of GC receiving payment; 1% per month interest if late.