What is the taxable year for the Vermont R&D Tax Credit? In Vermont tax law, the taxable year is defined under 32 V.S.A. § 5811(16) as the calendar year or the fiscal year ending during that [...]
Quick Answer: Vermont R&D Tax Credit Apportionment What is the core apportionment requirement? The Vermont R&D Tax Credit requires a unique “hypothetical federal credit” [...]
Vermont R&D Tax Credit Carryforward Answer Capsule The Vermont Research and Development (R&D) tax credit features a ten-year carryforward period, allowing taxpayers to apply unused [...]
Quick Answer: Vermont R&D Credit Carryforward What is the carryforward period? The Vermont R&D tax credit allows unused credits to be carried forward for up to 10 years. Is it [...]
Quick Answer: What is the “Tax Imposed Under This Chapter” for Vermont R&D Credits? In the context of the Vermont Research and Development tax credit, the phrase “tax [...]
Quick Answer: What is a “Taxpayer of This State” for Vermont R&D Credits? A taxpayer of this state is defined as any individual, estate, trust, or business entity legally [...]
Quick Summary: The Vermont Research and Development (R&D) tax credit is a nonrefundable incentive equal to 27% of the federal credit (IRC § 41(a)) calculated specifically on Vermont-based [...]
