32 V.S.A. § 8553 — Time of payment

Such tax shall be based upon the business of such company, association, or society
during the year terminating with December 31 preceding. It shall be paid quarterly
on or before the last day of the second calendar month following the quarter ending
the last day of March, June, September, and December of each calendar year and shall
be computed either upon the business of such company, association, or society during
the quarter for which the payment is made or upon an estimated basis predicated upon
prior years business, upon forms to be prescribed by the Commissioner of Taxes. Where
the aggregate tax imposed upon a company, association, or society is reasonably expected
to be less than $500.00 for the calendar year, it may be paid on an annual basis not
later than the last day of February following the close of the year. Such company,
association, or society shall annually make a final reconciliation return on or before
the last day of February in the manner provided in section 8123 of this title. (Amended 1975, No. 67, § 1, eff. Jan. 1, 1976.)