Vermont Seed Capital Fund (Vermont)
Last modified on February 12, 2015.
|Applies to States or Provinces||Vermont|
|Name||Vermont Seed Capital Fund (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|
|Program Administrator||Vermont Department of Taxes|
The Vermont Seed Capital Fund increases the amount of investment capital available to new Vermont firms or to existing Vermont firms for the purpose of expansion. The first $5 million of capitalization contributed by taxpayers on or before January 1, 2014. Lesser of 4% of contribution or 50% of tax liability prior to allowance of this credit. There is a four year carry forward. Maximum aggregate credit 20% of contribution. Credit is nontransferable except from an involuntary transfer of interest in the credit.
|Department||Vermont Department of Taxes|
|Address||133 State Street|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||32 V.S.A. § 5830b|