§ 5826 - Credit for income from commercial film production - Vermont Statutes

§ 5826. Credit for income from commercial film production

A credit shall be available against the tax imposed for that taxable year by section 5822 of this title upon the taxpayer's income received for a dramatic performance in a commercial film production during that taxable year. The credit shall be in the amount by which the Vermont tax on such income, without regard to this credit, exceeds the highest personal income tax rate in the taxpayer's state of residence, multiplied by the Vermont commercial film production income. (Added 1997, No. 156 (Adj. Sess.), § 53, eff. April 29, 1998.)