Difference between revisions of "The Payroll Tax Credit (Vermont)"

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|Incentive/ProgAdmin=Vermont Department of Taxes
 
|Incentive/ProgAdmin=Vermont Department of Taxes
 
|Incentive/ImplSector=State/Province
 
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|techdscRE=Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
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|techdscRE=Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy
 
|Incentive/ApplDsc=Utility, Commercial, Agricultural, Investor-Owned Utility, Industrial, Construction, Installer/Contractor, Fuel Distributor
 
|Incentive/ApplDsc=Utility, Commercial, Agricultural, Investor-Owned Utility, Industrial, Construction, Installer/Contractor, Fuel Distributor
 
|Incentive/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.
 
|Incentive/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.

Revision as of 23:29, 17 February 2013


Last modified on February 17, 2013.

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 Yes
Implementing Sector State/Province














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




Information Source http://www.access-vermont.com/incent/econadv.htm#payroll, http://www.leg.state.vt.us/statutes/fullsection.cfm?Title=32&Chapter=151&Section=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