The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
011L
:
RESEARCH AND DEVELOPMENT TAX CREDIT
(Cite as: 32 V.S.A. § 5930ii)
-
§ 5930ii. Research and development tax credit
(a) A taxpayer of this State shall be eligible for a credit against the tax imposed under
this chapter in an amount equal to 27 percent of the amount of the federal tax credit
allowed in the taxable year for eligible research and development expenditures under
26 U.S.C. § 41(a) that are made within this State.
(b) Any unused credit available under subsection (a) of this section may be carried forward
for up to 10 years.
(c) Each year, on or before January 15, the Department of Taxes shall publish a list containing
the names of the taxpayers who have claimed a credit under this section during the
most recent completed calendar year. (Added 2009, No. 2 (Sp. Sess.), § 22; amended 2013, No. 174 (Adj. Sess.), § 37, eff. Jan. 1, 2014.)