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Montanacorporate tax inVermont
High — top rate 8% or higher

Vermont

Top Rate
8.5%
Rate Structure
Graduated
Franchise Tax
No
Gross Receipts Tax
No
S-Corp Recognized
Yes

Corporate Income Tax Rate at a Glance

Vermont's top corporate income tax rate is 8.5%, applied as graduated brackets. This places Vermont in the "High (8% or higher)" tier among U.S. states.

Rate Structure (Flat vs. Graduated)

Graduated brackets: 6.0% on first $10,000; 7.0% on $10,001-$25,000; 8.5% on income over $25,000. Minimum tax: $300.

S-Corp & Pass-Through Treatment

Vermont recognizes federal S-corp election. S-corps and other pass-through entities still owe the Vermont $250 minimum entity tax annually. PTE election available under H.453 (2024).

Official State Revenue Department

For current corporate tax rules in Vermont, consult the state's official source at https://tax.vermont.gov/business/corporate-income-tax. Rates and rules change annually — verify with a qualified tax professional before taking any action.

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Law last updated: 2025Row last reviewed: Apr 26, 2026

Corporate income tax rates change frequently as states enact reform packages and phase-down schedules. Always verify current rates with the state's department of revenue and your tax advisor before making business decisions. This information is for educational purposes only and is not tax or legal advice.