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Vermont Research and Development Tax Credit

Offers Vermont innovation credits supporting founders in quantum, climate, and defense technology.

Vermont Department of TaxesUnited StatesTax credit

Vermont's Research and Development Tax Credit sits with the Vermont Department of Taxes and reduces state income tax for taxpayers that also qualify for the federal R&D credit. It is a statutory offset for eligible research and development expenditures made in Vermont, and the state publishes an annual claimant list each January.

The credit equals 27% of the federal Section 41 credit allowed for …

AIBiotechHardwareAdvanced ManufacturingAdvanced MaterialsMedtechPhotonicsSemiconductors

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.

Last verified: 1 Jun 2026Source: tax.vermont.gov