The Payroll Tax Credit (Vermont)

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Last modified on February 12, 2015.

EZFeed Policy

Place Vermont


   
Applies to States or Provinces Vermont
Name The Payroll Tax Credit (Vermont)
Policy Category Financial Incentive
Policy Type Corporate Tax Incentive
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy
Active Policy No

Implementing Sector State/Province



























Program Administrator Vermont Department of Taxes
Primary Website http://www.state.vt.us/tax/credits.shtml



Last Review 2015-01-29
Last Substantive Modification
to Summary
2015-01-29

Information Source http://legislature.vermont.gov/statutes/section/32/151/05930c


Summary

The Payroll Tax Credit provided by the Vermont Economic Progress Council provides a credit against income tax equivalent to a percentage of increased payroll costs. A company with sales less than $10 million may receive equal to 10 percent of its increased costs of salaries and wages in the applicable tax year. The credit was established in 1998 to foster new job creation within Vermont.



Policy Contact

Department Vermont Economic Progress Council

Address National Life Building
Address 2 Drawer 20
Place Montpelier
Zip/Postal Code 5620
Phone 802.828.5256


Email cdelia@gate.dca.state.vt.us

     
     


















References