Alternative Fuel and Advanced Vehicle Research and Development Tax Credit

Vermont businesses that qualify as a high-tech business involved exclusively in the design, development, and manufacture of alternative fuel vehicles, hybrid electric vehicles, all-electric vehicles, or energy technology involving fuel sources other than fossil fuels are eligible for up to three of the following tax credits: 1) payroll income tax credit; 2) qualified research and development income tax credit; 3) export tax credit; 4) small business investment tax credit; and 5) high-tech growth tax credit. Certain limits and restrictions apply. This incentive expires December 31, 2016. (Reference Vermont Statutes Title 32, Chapter 151, Section 5930a, c, f, g, and k)