Vermont Yankee Nuclear Power Corp. v. Department of Taxes

¶ 1. Taxpayer Vermont Yankee Nuclear Power Corporation appeals the denial by the Windham Superior Court of its claim for additional interest on an income tax refund paid to it. Taxpayer argues that 32 V.S.A. § 5884(c), which directs that interest on a tax refund be calculated from forty-five days after the date an amended return is filed, is inapplicable and that the interest computation should be based on a date over ten years earlier. We disagree and affirm.

¶ 2. In 1993, taxpayer filed a Vermont corporate income tax return for tax year 1992 showing $15,175,573 of federal taxable income,…