Vermont tax credits and incentives
Review the program rules and claim timing below, then confirm the requirements with the administering agency.
This directory is not tax advice. Confirm eligibility, tax-year rules, deadlines and filing requirements with a tax professional.
Amounts are subject to the conditions in each listing. A source review does not mean applications are open or that a business qualifies.
1 program
-
Vermont research and development credit
Tax credit
27% of the federal credit attributable to Vermont research through 2026; the statute increases the percentage to 75% effective January 1, 2027. [Vermont statutes, research and development credit]
Check program requirements [Vermont statutes, research and development credit]
Eligibility, claim steps and deadlines for Vermont research and development credit
- Who qualifies
- Taxpayers with Vermont research expenditures eligible for the federal research credit. [Vermont statutes, research and development credit]
- What it’s worth
- 27% of the federal credit attributable to Vermont research through 2026; the statute increases the percentage to 75% effective January 1, 2027. [Vermont statutes, research and development credit]
- How to claim
- Claim against Vermont income tax under 32 V.S.A. §5930ii. The statute does not identify the return schedule; consult the applicable tax-year instructions. [Vermont statutes, research and development credit]
- Deadlines and application windows
- Claim for the expense tax year; unused credit may carry forward for ten years. [Vermont statutes, research and development credit]
Sources reviewed
Full details and sources for Vermont research and development credit