Tax Credits

Vermont Seed Capital Fund-
32 V.S.A. § 5830b

Purpose: Increase amount of investment capital available to new Vermont firms or to existing Vermont firms for the purpose of expansion.

Credit Amount: The first $5 million of capitalization contributed by taxpayers on or before January 1, 2014.

Credit Limitation: Lesser of 4% of contribution or 50% of tax liability prior to allowance of this credit.  There is a four year carryforward.  Maximum aggregate credit 20% of contribution.  Credit is nontransferable except from an involuntary transfer of interest in the credit.

For More Information:
Vermont Department of Taxes
133 State Street
Montpelier, Vermont 05633
Tel: 802.828.2532

Other Tax Credits:
- Affordable Housing
- Charitable Housing
- Commercial Film Production
- Income Tax Paid to Another
  State or Canadian Province
- Low Income Child &
  Dependent Care
- Qualified Sale of Mobile
  Home Park
- Vermont Earned Income
  Credit
- Vermont Employment
  Growth Incentive (VEGI)
- Vermont Higher Education
  Investment
- Vermont Seed Capital Fund