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Tax Credits

Percentage of Federal Investment Tax Credit
- 32 V.S.A. § 5822(d)

Purpose: To provide tax credits for energy, qualifying advanced coal, qualifying gasification, and qualifying advanced energy projects.

For specific information on qualification under the Federal program, see:

http://www.irs.gov/uac/Form-3468,-Investment-Credit-2

Must be eligible for and receive the Federal tax credit.

Credit amount: 24% of investment tax credit attributable to the Vermont-property portion of the investment.

For more information:
Vermont Department of Taxes
866-828-2865 (toll-free in Vermont)
802-828-2865 (local & out-of-state)

 

Other Tax Credits:
- Affordable Housing
- Charitable Housing
- Downtown and Village
  Center

- Elderly and Permanently
   Totally Disabled

- Income Tax Paid to Another
  State or Canadian Province

- Investment Tax Credit
- Low Income Child &
  Dependent Care

- Machinery and Equipment
- Qualified Sale of Mobile
   Home Park

- Recently Deployed Veteran
- Research and Development
- Vermont Earned Income
  Credit

- Vermont Employment
  Growth Incentive (VEGI)

- Vermont Higher Education
  Investment

- Vermont Seed Capital Fund

 
Vermont Department of Taxes, 133 State Street, Montpelier, Vermont 05633-1401