Grants directory
Downtown and Village Center Program tax credits — code improvement credit for sprinkler systems
Vermont Downtown and Village Center Tax Credit Program State Board · State program
50% of qualified costs, up to $50,000 for a sprinkler system.
Vermont offers a state tax credit for approved code-improvement projects, including up to $50,000 for installing or improving a sprinkler system. This is limited to qualified applicants in the Downtown and Village Center Program.
Program details
How it works
A qualified applicant for a qualified code improvement project may, with State Board approval, claim a credit against Vermont individual income tax, corporate income tax, bank franchise tax, or insurance premiums tax.
What the money covers
For code improvement projects, the statute specifically includes installation or improvement of a sprinkler system. It also includes other qualified code improvements, but this page does not list them all.
Amounts and matching
- 50 percent of qualified expenditures.
- Maximum tax credit for sprinkler system installation or improvement: $50,000.
- Other code-improvement caps on this page include platform lifts, limited-use elevators, elevators, and combined costs of all other qualified code improvements.
Timing and deadlines
The statute page does not state an application deadline. Credit is available upon approval of the State Board.
Full eligibility details
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