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Vermont Free Printable  for 2024 Vermont Economic Advancement Tax Incentives

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Economic Advancement Tax Incentives
Schedule BA-405

Vermont Department of Taxes Schedule BA-405 Economic Advancement Tax Incentives (EATI) PRINT in BLUE or BLACK INK • Schedule BA-405 must be filed with the Vermont Business, Corporate, or Individual Income Tax Return for six years following the end of the EATI authorization period. For example, if the Vermont Economic Progress Council (VEPC) authorized an award from January 1, 2000, through December 31, 2004, Schedule BA-405 must be filed with all tax returns from 2005 through 2010. • Send a duplicate of this form to: Vermont Economic Progress Council, National Life Building, Drawer 20, Montpelier, VT 05620-0501. Entity Name (Principal Vermont Corporation) FEIN Primary 6-digit NAICS number Address Tax year BEGIN date (YYYYMMDD) Tax year END date (YYYYMMDD) Address (Line 2) Contact Person Name Title City Telephone Number Fax Number State ZIP Code Foreign Country Email Address Location of Project (Street Address or Other Description) Full-Time Employment Levels in Vermont Report the average number of full-time employees in Vermont for each quarter of the tax year. For purposes of this form, a full-time employee is defined as an employee who works no less than 37 hours each week. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 1a. Period covered (Months & Year) 1b. Number of full-time Vermont employees 2. Report average annual full-time Vermont employment for this tax year (average of the four quarters above). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2._____________________________ 3a. During the first six years after the beginning of the EATI authorization, what was the highest average annual full-time Vermont employment, using the same calculation method as above?. . . . . . . . . . . . . . . . 3a._____________________________ 3b. In which tax year did this occur?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3b._____________________________ 4. What was the lowest number of full-time employees in Vermont for any period of 120 consecutive days that ended during this tax year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4._____________________________ If Line 4 is less than 75% of Line 3a, you must notify the Vermont Economic Progress Council within 60 days of the period of 120 consecutive days. You also must report the recapture on Form IN-111, Vermont Income Tax Return, for the tax year in which the period of 120 consecutive days occurred. Refer to Vermont law at 32 V.S.A. § 5930h for details. Signature Under penalties of perjury, I declare this report and all documents attached in support of this report, are true, correct, and complete to the best of my knowledge and belief. Signature of Responsible Officer Title Printed Name Email Address (optional) Telephone Number 5454 Date Schedule BA-405 Rev. 10/20
Extracted from PDF file 2023-vermont-schedule-ba-405.pdf, last modified October 2020

More about the Vermont Schedule BA-405 Corporate Income Tax TY 2023

We last updated the Economic Advancement Tax Incentives in February 2024, so this is the latest version of Schedule BA-405, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule BA-405 directly from TaxFormFinder. You can print other Vermont tax forms here.

Related Vermont Corporate Income Tax Forms:

TaxFormFinder has an additional 51 Vermont income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Vermont Schedule BA-405.

Form Code Form Name
Schedule BA-404 Tax Credits Earned, Applied, Expired, And Carried Forward
Schedule BA-402 Apportionment & Allocation Schedule
Schedule BA-406 Credit Allocation Schedule
Schedule BA-410 Corporate Income Tax Affiliation Schedule

Download all VT tax forms View all 52 Vermont Income Tax Forms


Form Sources:

Vermont usually releases forms for the current tax year between January and April. We last updated Vermont Schedule BA-405 from the Department of Taxes in February 2024.

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About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Vermont Schedule BA-405

We have a total of twelve past-year versions of Schedule BA-405 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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