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2013 Vermont Statutes
Title 32 Taxation and Finance
Chapter 151 INCOME TAXES
§ 05930ii Research and development tax credit


32 V.S.A. § 05930ii What's This?

5930ii. Research and development tax credit

(a) A taxpayer of this State shall be eligible for a credit against the tax imposed under this chapter in an amount equal to 30 percent of the amount of the federal tax credit allowed in the taxable year for eligible research and development expenditures under 26 U.S.C. 41(a) and which are made within this State.

(b) Any unused credit available under subsection (a) of this section may be carried forward for up to 10 years. (Added 2009, No. 2 (Sp. Sess.), 22.)

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