The purpose of this tax credit is to increase the amount of investment capital available to Vermont firms for their expansion.
Credit Amount: The first $7.15 million of capitalization contributed by taxpayers on or before January 1, 2020. There is a four-year carryforward.
Credit Limitation: The lesser of 4% of your contribution or 50% of your tax liability prior to receiving this credit. However, the total amount of the credit taken over four years cannot exceed 20% of the taxpayer's contribution to the initial $7.15 million capitalization of the fund. This credit is nontransferable except from an involuntary transfer of interest in the credit.