Vermont Statutes Title 32. Taxation and Finance, § 7473. Allocation of payments

(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

(2) next, against any portion of any tax liability incurred with respect to the current taxable year.

(1) first, to the amount of any interest;

(2) next, to the amount of any penalty;

(3) next, to the amount of any fee; and

(4) next, to the amount of any unpaid tax; incurred with respect to the taxable year.