INCENTIVE DESCRIPTION

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

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.