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Business Taxes
Net Operating Loss
For tax years beginning on and after January 1, 2007, Vermont no longer "piggy-backs" to the federal NOL. Rather, a distinctive Vermont net operating loss (VNOL) is created. The VNOL is defined as "any negative income after allocation and apportionment for up to 10 years, but cannot be carried back.
See Technial Bulletin 35 for a description of how the law changed.
See Technical Bulletin 40 for the method of converting pre-2007 federal NOLs to VNOLs so a similar calculation may be used for all NOLs.
Taxpayer Information Line:
802.828.5723
More Information:
- Business Types
- Federal Small Business / Self-Employment Info
- Guide to VT Business Taxes
- Interest Rates
- List of Major Vermont Taxes
- Local Option Taxes
- Net Operating Loss
- Regulations
- Streamlined Sales Tax
- Tax Charts
- Tax Credits
- Technical Bulletins
- Transient Vendors
- Voluntary Disclosure
- Withholding Information
