Difference between revisions of "Vermont Seed Capital Fund (Vermont)"

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|Incentive/ProgAdmin=Vermont Department of Taxes
 
|Incentive/ProgAdmin=Vermont Department of Taxes
 
|Incentive/ImplSector=State/Province
 
|Incentive/ImplSector=State/Province
|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=Agricultural, Commercial, Construction, Fuel Distributor, Industrial, Installer/Contractor, Retail Supplier
 
|Incentive/ApplDsc=Agricultural, Commercial, Construction, Fuel Distributor, Industrial, Installer/Contractor, Retail Supplier
 
|Incentive/Summary=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.
 
|Incentive/Summary=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.

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 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
Active Policy Yes
Implementing Sector State/Province














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





Summary

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.


Policy Contact

Department Vermont Department of Taxes
Address 133 State Street
Place Montpelier
Zip/Postal Code 5633
Phone 802.828.2532




Authorities (Please contact the if there are any file problems.)

Authority 1: 32 V.S.A. § 5830b
Date Effective June 1, 2009
Date Enacted 1985

















References