Breakthrough Technologies Institute - Fuel Cells 2000

The “State Agency Energy Plan for State Government" gives strategy and guidance to
address energy resource consumption issues for state governmental operations. The
plan encourages the use of alternatively-fueled vehicles, including those fueled by CNG,
biodiesel, ethanol, electric and hybrid electric, propane, LNG, or uses a hydrogen fuel
cell.
Contact:
Vermont Agency of Administration
109 State Street
Montpelier, VT 05609
Phone: (802) 828-3322
Web: www.adm.state.vt.us
7. EMERGING BUSINESS SUPPORT
High Technology Growth Credit
www.state.vt.us/tax/creditshightech.shtml
Vermont businesses that exclusively design, develop and manufacture electric vehicles,
AFVs, or hybrid vehicles, as well as energy technology involving sources other than
fossil fuels, qualify as a “high-tech business” and are eligible for up to three of the
following income tax credits:
Contact:
• A percentage of increased payroll costs;
• 10% of qualified research and development expenditures;
• A credit against export taxes;
• 5 to 10% of total investments in plants/facilities, machinery and equipment
(small business investment tax credit);
• Up to 6% of investments in machinery and equipment ($100,000 per year
maximum);
• Up to 6% of investments for renovation of existing facilities to provide cable,
fiber or telecommunications access;
• 20% of qualified training, education and workforce development
expenditures; sales and use tax exemption for approved personal computers
and software.
Vermont Economic Progress Council
National Life Building, Drawer 20
Montpelier, VT 05620
Phone: 802-828-5256
E-mail: www.thinkvermont.com/help/index.cfm
Web: www.thinkvermont.com/vepc/index.cfm
8. STATE AND LOCALLY-SUPPORTED DEMONSTRATIONS
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