Vermont R&D Tax Credit Summary

VERMONT R&D TAX CREDIT SUMMARY

Vermont State R&D Tax Credit

Effective for eligible research and development expenditures made in Vermont on or after January 1, 2014, taxpayers are eligible for a credit equal to 27% (formerly 30%).

How to Obtain the Credit?

File Form BA-404.

Refundable/Transferable Tax Credit – No

Questions? Contact Us

    By entering your email address, you agree to receive more information from PMBA in accordance with our privacy policy

    Carryforward

    Any excess credit not used for the taxable year in which it is earned may be carried forward for up to 10 years.

    Flow-Through Entities

    This credit can be applied to personal income tax.

    Talk to an Expert Today