Vermont R&D Tax Credit Summary

R&D Tax Credit Available:

Yes


Eligible Entities:

C-Corporations, S-Corporations, LLCs, Partnerships


Deadline for Tax Filing:

Due with Vermont Tax Return


Data Required to Compute Credit:

  • Claim Period Federal Qualified R&D Expenses (QREs)
  • Claim Period Vermont QREs

Credit Carryforward:

10 years


R&D Credit Summary:

The Vermont credit equals:

  • 27% of the federal credit for Qualified R&D expenses in Vermont
  • VT credit applies to personal income tax or business or corporate income tax

Special Notes:

Company must be eligible for and receive the federal tax credit to claim the Vermont tax credit.

Research Tax Credit
Important Links and Forms

Vermont DOT
VT BA-404
BA-404 Instructions

Contact Us for a No-Cost Assessment of your Federal and State Research Credit Estimate

Learn More About R&D Tax Credits