Vermont R&D Tax Credit Summary

Vermont R&D tax credit, R&D Tax,

Vermont State R&D Tax Credit

Refundable Tax Credit – No

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%).

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.

How to obtain the credit?

File Form BA-404.

Find out if you qualify for the R&D tax credit

 

SELL YOUR NOL’s AND R&D CREDITS

If your company hasn’t considered the R&D credit in the past because you have net operating losses (NOLs) and could not utilize the credit contact us today to find out which states allow you to sell your credits and losses for up to 95 cents on the dollar. Also, qualified start-up companies can now take a credit on their payroll taxes for their R&D credit, allowing your company to utilize the R&D credit immediately, even if your company does not have taxable income.
FIND OUT MORE TODAY

 

States Offering R&D Credit:

                             States Without R&D Credit

Alabama
District of Columbia
Missouri
Montana
Nevada
Oklahoma
South Dakota
Tennessee
Washington
West Virginia
Wyoming