POPULATION: 621,760 (2009 Census estimate)
LABOR FORCE: 356,700 (July 2010 estimate)
RIGHT TO WORK: No
TRADITIONAL INDUSTRIES: Manufacturing, tourism, agriculture,
captive insurance
EXPANDING INDUSTRIES: Environmental technology, alternative
energy technology, IT and
financial services, software
development
COLLEGE GRADUATES: (Age 25 and over) 29.4%
BASIC BUSINESS TAXES:
Corporate Income Tax: For tax
years beginning January 1, 2007:
$0–10,000: 6 percent; $10,001–
25,000: 7 percent; $25,001 and
over: 8.5 percent; minimum tax
of $250
Corporate Organization and
Qualification Fees: Domestic –
$75; foreign – $100 flat
entrance fee
Sales and Use Tax:
6 percent of taxable sales of tangible personal
property, including rentals of tangible
personal property, assessment
charges, fabrication charges, printing
charges, digital downloads and
telecommunications charges; use
tax applies to storage, consumption,
or use of tangible personal
property or services, unless already
subject to sales tax; meals and
rooms taxed at 9 percent; several
jurisdictions are authorized to
assess an additional 1 percent local
option tax.
Property Tax: For fiscal year 2010,
residential property and contiguous
land are taxed at a rate of $0.86
per $100 of equalized education
property value also adjusted for the
school district's per pupil spending;
nonresidential rate is $1.35 per
$100 of equalized education property
value.
BUSINESS INCENTIVES
Vermont Employment Growth
Incentive for job creation/
capital investment
Vermont Training Program to assist
with worker training
Vermont Economic Development
Authority loans and guarantees
Vermont Environmental Assistance
Partnership
Vermont Agency of Agriculture
marketing partnerships
Vermont Brownfields Initiative
Vermont Downtown Program
Workforce Education and Training
Fund
