The Payroll Tax Credit (Vermont)

From Open Energy Information

Last modified on February 12, 2015.

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 No
Implementing Sector State/Province

Program Administrator Vermont Department of Taxes
Primary Website

Last Review 2015-01-29
Last Substantive Modification
to Summary
Information Source


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