State: |
VT |
Incentive Type: |
Income/Franchise Tax Incentives and Credits |
Incentive Title: |
Investment Credits |
Description: |
1. CAPITAL INVESTMENT TAX CREDIT: Income tax credit of 5-10% of total capital investments leases in plants, facilities, and machinery and equipment. Amount of credit based upon number of full-time employees.
2. HIGH TECH MACHINERY AND EQUIPMENT INVESTMENT: A high tech business may receive a 6% tax credit for investment in machinery and equipment.
3. HIGH TECH TECHNOLOGY INFRASTRUCTURE: 6% tax credit for a high tech business investing in a facility to enhance cable, fiber or telecommunications access. |
Eligibility Requirements: |
1. Must meet capital lease definitions and restrictions.
2. & 3. Credit may be claimed once approved by VEPC, the work is completed and reporting requirements are met. |
Geographic Restrictions: |
Statewide |
Granting Authority: |
Vermont Economic Progress Council |
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