Vermont research and development credit
Tax credit
Agency: Vermont Department of Taxes. Agency source
This directory is not tax advice. Confirm eligibility, tax-year rules, deadlines and filing requirements with a tax professional.
Check program requirements [Vermont statutes, 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]
Amounts are subject to the conditions in each listing. A source review does not mean applications are open or that a business qualifies.
Official sources
Listing reviewed