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          3                                                                                                                                                                                                                                                                   3
          4                           Vermont Department of Taxes                                                                                                                                                                                                             4
          5                                                                                                                                                                                                                                                                   5
          6                                       Form CO-411                                                                                                                                              *234111100*                                                        6
          7                                                                                                                                                                                                                                                                   7
                       Vermont Corporate Income Tax Return                                                                                                                                                 *234111100*
          8                                                                                                                                                                                                                                                                   8  Page 15
          9                                                                                                                                                                                                                                                                   9
          10                                                                                                                                                                                                                                                                  10
          11                                            Name                                Accounting                          Extended                                  Unitary                                PL 86-272 is                                                 11
                            Check                    X        Change                     X        Period Change              X         Return                       X          X                                 Applicable
          12        Appropriate                                                                                                                                                                                                                                               12
          13        Box(es)                             Address                             Amended                             Federal Extension                         RAR                                    Pro Forma -                         Final Return             13
                            X        Change                                              X        Return                     X         Requested                    X         Amended                      X        Cannabis                   X     (Cancels Account)
          14                                                                                                                                                                                                                                                                  14
          15                                            Entity Name (Principal Vermont Corporation)                                                                                         FEIN                                      Primary 6-digit NAICS number            15
          16                                                                                                                                                                                                                                                                  16
                   12345678901234567890123456789012(36)     123456789         123456
          17                                                                       Address                                                                             Tax year BEGIN date (YYYYMMDD)                              Tax year END date (YYYYMMDD)               17
          18                                                                                                                                                                                                                                                                  18
                   12345678901234567890123456789012(36)      20230101         20231231
          19                                                                 Address (Line 2)                                                                       Number of companies in                                      Number of companies                           19
          20       12345678901234567890123456789012(36)              Vermont Unitary Group                                                                                                                 123             with Vermont Nexus                     123         20
          21                                               City                                            State                      ZIP Code                                                                                                                                21
          22                                                                                                                                                        Federal tax                         1120                             1120-F                990-T          22
          23              12345678901234567(21)   Foreign Country                                             12  1234567890         return filed                                                    X        X       X                                                       23
                                                                                                                                                                    (Check one box)
          24       1234567890123456789012345678(32)                 X       1120-H                                                                                                                                                 X     Other                                24
          25                                                                                                                                                                                                                                                                  25 FORM  (Place at FIRST page)
          26                                                                                                                                                                                                           Enter all amounts in whole dollars.                    26 Form pages 
          27       1.                                                        -123456789012345FEDERAL TAXABLE INCOME (federal Form 1120, Line 28, as filed)  . . . . . . . . . . . . . . . . . . . . . . 1. .     ____________________________.00                              27
          28                                                                                                                                                                                                                                                                  28
                         1a. Special Deductions as filed with IRS  
          29                                              -123456789012345(federal Form 1120, Line 29b)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a. .__________________________                          .00                                                 29
          30                                                                                                                                                                                                                                                                  30
                         1b. Income/Loss from unitary members included in  
          31                                              -123456789012345Vermont combined group  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1b.  __________________________                          .00                                                 31
                                                                                                                                                                                                                                                                                 15 - 17
          32                                                                                                                                                                                                                                                                  32
                         1c. Income/Loss from affiliated entities filed in the above federal  
          33                                               123456789012345consolidated returns butexcluded from Vermont combined group 1c. .                  __________________________                                  .00                                                 33
          34                                                                                                                                                                                                                                                                  34
                         1d. Special Deductions:  Vermont adjustments to federal  
          35                                               123456789012345special deductions  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1d.  __________________________                  .00                                                 35
          36                                                                                                                                                                                                                                                                  36
          37                                                123456789012345  1e. Eliminations:  Vermont adjustments to federal eliminations  . . . . . 1e. .  __________________________                                  .00                                                 37
          38                                                                                                                                                                                                                                                                  38
                         1f. Other:  Other Vermont adjustments to Combined Net Income  
          39                                               123456789012345(charitable expenses, etc .)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1f. . __________________________                  .00                                                 39
          40                                                                                                                                                                                                                                                                  40
          41      1g.                                                        -123456789012345Federal Taxable Income as Adjusted for Combined Net Income(ADD Lines 1 through 1f)  . . . . . 1g. .                 ____________________________.00                              41
          42                                                                                                                                                                                                                                                                  42
          43       2.                                                         123456789012345Bonus Depreciation Adjustment (see instructions)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. . ____________________________.00           43
          44                                                                                                                                                                                                                                                                  44
                   3.       Federal Taxable Income as Adjusted for Combined Net Income and Bonus Depreciation 
          45                                                              123456789012345(ADD Lines 1g and 2)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. . ____________________________.00 45
          46                                                                                                                                                                                                                                                                  46
          47       4.                                          123456789012345ADD 4a. Interest on non-Vermont state and local obligations  . . . . . . . 4a. .__________________________                                  .00                                                 47
          48                                                                                                                                                                                                                                                                  48
          49                                                123456789012345  4b. State and local income or franchise taxes  . . . . . . . . . . . . . . . 4b.  __________________________                                 .00                                                 49
          50                                                                                                                                                                                                                                                                  50
          51                                                                                                                                                                                                                                                                  51
          52                                                                                                                                                                                                                                                                  52
          53        Check box if exception                                                  SMALL FARM CORPORATION                                            NO VERMONT ACTIVITY                                               HOMEOWNER’S / CONDO ASSOC.                    53
                                                                                            ($75 minimum)                                                     ($0)                                                              (Federal Form 1120-H only) ($0)
          54                          to minimum tax applies:                            X                 X                 X                                                                                                                                                54
          55                                                                                                                                                                                                                                                                  55
          56                                                                                                                                                                                                                                                                  56
          57                                                                                                                                                                                                                                                                  57
          58                                                                                                                                                                                                                                                                  58
          59                                                                                                                                                                                                                                                                  59
          60                                                                                                                                                                                                                                                                  60
          61                                                                                                                                                                                                                                                                  61
                                                                                                                                                                                                                                         Form CO-411
          62                                                                                                                                                                                                                                   Page 1 of 3                    62
          63     5454                                                                                                                                                                                                                             Rev. 10/23                  63
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          3                                                                                                                                                                                                                                                           3
          4                                                        Entity Name                                                                                                                                                                                        4
          5                                                                                                                                                                                                                                                           5
                  12345678901234567890123456789012(36)
          6                                   FEIN                                            Fiscal Year Ending (YYYYMMDD)                                                                               *234111200*                                                 6
          7                                                                                                                                                                                                                                                           7
                     123456789             20231231                                                                                                                                                       *234111200*
          8                                                                                                                                                                                                                                                           8 Page 16
          9                                                                                                                                                                                                                                                           9
          10                                                                                                                                                                                                                                                          10
                     LESS      4c.  Non-Apportionable Income or loss allocated everywhere 
          11                                               123456789012345   (Schedule BA-402, Line 1a, or leave blank)  . . . . . . . . . . . . . 4c. .     __________________________                                  .00                                          11
          12                                                                                                                                                                                                                                                          12
          13                                                   1234567890123454d.  Foreign dividends received .   . . . . . . . . . . . . . . . . . . . . . . . . .4d.  __________________________                       .00                                          13
          14                                                                                                                                                                                                                                                          14
          15                                                   1234567890123454e.  Interest on U .S . Government obligations  . . . . . . . . . . . . . . .4e. .  .__________________________                            .00                                          15
          16                                                                                                                                                                                                                                                          16
                               4f.      “Gross Up” required by IRC § 78 and other  
          17                                               123456789012345    excludable income  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4f. . __________________________                      .00                                          17
          18                                                                                                                                                                                                                                                          18
          19                                                 1234567890123454g. Targeted Job Credit salary and wage expense addback  . . . . . 4g. .         __________________________                                  .00                                          19
          20                                                                                                                                                                                                                                                          20
                   5.       NET APPORTIONABLE INCOME  
          21                                                             -123456789012345(ADD Lines 3, 4a, and 4b,  Then SUBTRACT Lines 4c through 4g.)  . . . . . . . . . . . . . . . . . . . . . . 5. .       ____________________________.00                       21
          22                                                                                                                                                                                                                                                          22
                   6.       Vermont Percentage (Schedule BA-402, Line 14, or 100 .000000%) 
          23                                                                Enter percentage with six places to the right of the decimal point  . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. .    ____________123.123456________________%               23
          24                                                                                                                                                                                                                                                          24
          25       7.                                                         123456789012345  Income Apportioned to Vermont (MULTIPLY Line 5 by Line 6)  . . . . . . . . . . . . . . . . . . . . . . . . . . 7. . ____________________________.00                    25
          26                                                                                                                                                                                                                                                          26
          27       8.                                                        -123456789012345  Non-Apportionable Income to Vermont (Schedule BA-402, Line 1B)  . . . . . . . . . . . . . . . . . . . . . . . .  .8.  ____________________________.00                  27
          28                                                                                                                                                                                                                                                          28
          29       9.                                                         123456789012345  Foreign Dividends Allocated to Vermont (Schedule BA-402, Line 2B)  . . . . . . . . . . . . . . . . . . . . . . .  .9.  ____________________________.00                 29
          30                                                                                                                                                                                                                                                          30
          31      10.                                                        -123456789012345  Net Vermont Income Allocated and Apportioned to Vermont (ADD Lines 7 through 9)  . . . . . . . . 10. .           ____________________________.00                       31
          32                                                                                                                                                                                                                                                          32
          33      11.                                                         123456789012345  Vermont Net Operating Loss deduction applied (Attach schedule)  . . . . . . . . . . . . . . . . . . . . . . . . . .  .11.  ____________________________.00             33
          34                                                                                                                                                                                                                                                          34
          35      12.                                                         123456789012345  Vermont Net taxable income for this entity (Line 10 MINUS Line 11)  . . . . . . . . . . . . . . . . . . . . . . 12. . ____________________________.00                  35
          36                                                                                                                                                                                                                                                          36
                  13.    Vermont Tax . Calculate Vermont tax due on Line 12 amount using the  
          37                                                              123456789012345Tax Computation Schedule below  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  .13.  ____________________________.00 37
          38                                                                                                                                                                                                                                                          38
          39      14.                                                         123456789012345  Credits (Schedule BA-404, Column C, Line 11)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  .14.  ____________________________.00   39
          40                                                                                                                                                                                                                                                          40
          41      15.                                                         123456789012345  Use Tax for taxable items on which no sales tax was charged, including online purchases  . . . . . . .  .15.  ____________________________.00                          41
          42                                                                                                                                                                                                                                                          42
          43      16.                                                         123456789012345  Tax Due for this entity (Line 13 MINUS Line 14, then ADD Line 15)  . . . . . . . . . . . . . . . . . . . . . . 16. . ____________________________.00                   43
          44                                                                                                                                                                                                                                                          44
          45      17.                                                         123456789012345Gross Receipts (For purpose of minimum tax calculation . See instructions)  . . . . . . . . . . . . . . . . . . . 17. . ____________________________.00                  45
          46                                                                                                                                                                                                                                                          46
          47                                                                                                                                                                                                                                                          47
          48                            TAX COMPUTATION SCHEDULE                                                                                                                                                                                                      48
          49                      (Effective for taxable periods beginning January 1, 2023)                                                                                                                                                                           49
                                                                                                                                                                         File the return on the due date required under the 
          50     IF VERMONT NET INCOME (Line 12) IS                                                                                        TAX IS                        Internal Revenue Code, unless extended.                                                      50
          51           $10,000 or less  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  .6 .00%                                                                                                                                  51
          52           $10,001 to $25,000  . . . . . . . . . . . . $600 plus 7 .00% of excess over $10,000                                                                                                                                                            52
          53           $25,001 and over   . . . . . . . . . . .  .$1,650 plus 8 .50% of excess over $25,000                                                              Pay by the due date required under the Internal                                              53
                                                                                                                                                                         Revenue Code, even if the return is extended.  
          54                                                                                                                                                                                                                                                          54
          55     IF VERMONT GROSS RECEIPTS ARE                                                                        MINIMUM TAX IS                                     Corporations with liabilities over $500, see                                                 55
          56           $500,000 or less  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  .$100                                      instructions for estimated payments on Vermont                                               56
                       $500,001 to 1,000,000   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  .$500
          57           $1,000,001 to $5,000,000  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,000                                              Form CO-414.                                                                                 57
          58           $5,000,001 to $300,000,000  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000                                                                                                                                             58
          59           $300,000,001 and over  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000                                                                                                                                            59
          60                                                                                                                                                                                                                                                          60
          61                                                                                                                                                                                                                                                          61
                                                                                                                                                                                                                                        Form CO-411
          62                                                                                                                                                                                                                                  Page 2 of 3             62
          63     5454                                                                                                                                                                                                                            Rev. 10/23           63
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          3                                                                                                                                                                                                                                                                 3
          4                                                        Entity Name                                                                                                                                                                                              4
          5                                                                                                                                                                                                                                                                 5
                  12345678901234567890123456789012(36)
          6                                   FEIN                                            Fiscal Year Ending (YYYYMMDD)                                                                               *234111300*                                                       6
          7                                                                                                                                                                                                                                                                 7
                     123456789             20231231                                                                                                                                                       *234111300*
          8                                                                                                                                                                                                                                                                 8  Page 17
          9      Amount from Line 16             123456789012345. _____________________________                                                                                                                                                                             9
          10                                                                                                                                                                                                                                                                10
          11      18.  Payments                                                                                                                                                                                                                                             11
          12                                                123456789012345  18a. Estimated Payments (Form CO-411)  . . . . . . . . . . . . . . . . . . . . . . 18a. .__________________________                         .00                                                12
          13                                                                                                                                                                                                                                                                13
          14                                               12345678901234518b. Payment with Extension (Form BA-403)   . . . . . . . . . . . . . . . . . .18b.  __________________________                                .00                                                14
          15                       Nonresident estimated payments distributed to this entity by                                                                                                                                                                             15
                              18c. 
          16                                               123456789012345   a different company through a Schedule K-1VT  . . . . . . . . . . . . . 18c. .  __________________________                                  .00                                                16
          17                                                                                                                                                                                                                                                                17
          18                                               12345678901234518d. Real Estate Withholding Payments (Form RW-171)  . . . . . . . . . .18d.  __________________________                                       .00                                                18
          19                                                                                                                                                                                                                                                                19
          20                                                123456789012345  18e. Prior Year Overpayment Applied   . . . . . . . . . . . . . . . . . . . . . . . . 18e. .__________________________                      .00                                                20
          21                                                                                                                                                                                                                                                                21
          22       18f.                                                         123456789012345Total Payments(ADD Lines 18a through 18e)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18f.  ____________________________.00              22
          23                                     If Line 16 is more than Line 18f, subtract Line 18f from Line 16 .                                                                                                                                                         23
                  19. Balance Due.  
          24                                                              123456789012345Make check payable toVermont Department of Taxes  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. . ____________________________.00                          24
          25                                                                                                                                                                                                                                                                25 FORM  (Place at LAST page)
          26      20.                                                         123456789012345Payment submitted with this return   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20. . ____________________________.00 26 Form pages 
          27                                                                                                                                                                                                                                                                27
          28      21.                                                         123456789012345Overpayment . If Line 18f is more than Line 16, subtract Line 16 from Line 18f  . . . . . . . . . . . . . . . 21. . ____________________________.00                            28
          29                                                                                                                                                                                                                                                                29
          30      22.                                          123456789012345Overpayment to be applied to next tax year  . . . . . . . . . . . . . . . . . . . . . . 22. .__________________________                    .00                                                30
          31                                                                                                                                                                                                                                                                31
                                                                                                                                                                                                                                                                               15 - 17
          32      23.                                                         123456789012345Overpayment to be refunded (Line 21 MINUS Line 22)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23. . ____________________________.00                    32
          33                                                                                                                                                                                                                                                                33
          34                                                                                                                                                                                                                                                                34
          35     I hereby certify that I am an officer or authorized agent responsible for the taxpayer’s compliance with the requirements of Vermont Statutes Annotated,                                                                                                   35
                 Title  32, and that this return is true, correct, and complete to the best of my knowledge. If prepared by a person other than the taxpayer, this declaration further 
          36     provides that under 32 V.S.A. § 5901, this information has not been and will not be used for any other purpose, or made available to any other person, other than                                                                                          36
          37     for the preparation of this return unless a separate valid consent form is signed by the taxpayer and retained by the preparer.                                                                                                                            37
          38                                                                                                                                                                                                                                                                38
          39        Signature of Responsible Officer                                                                                                               Date (MM/DD/YYYY)                                           Daytime Telephone Number                     39
          40                                                                                                                                                                                                                                                                40
          41                                                                                                                                                                                                                                                                41
                                                             12312023         802-123-1234
          42        Printed Name                                                                          Email Address                                                                                                                                                     42
          43                                                                                                                                                                                                                                                                43
                  12345678901234567890123   1234567890123456789012345678901234567890123456
          44                                                                                                                                                                                                                                                                44
          45           X Check if the Vermont Department of Taxes may discuss this return with the preparer shown.                                                                                                                                                          45
          46                                                                                                                                                                                                                                                                46
          47        Signature of Paid Preparer                                                                                                                     Date (MM/DD/YYYY)                                           Preparer’s Telephone Number                  47
          48                                                                                                                                                                                                                                                                48
          49                                                                                                                                                                                                                                                                49
                                                            12312023          802-123-1234
          50        Preparer’s Printed Name                                                               Email Address (optional)                                                                                                                                          50
          51                                                                                                                                                                                                                                                                51
                  12345678901234567890123   1234567890123456789012345678901234567890123456
          52        Firm’s Name (or yours if self-employed)                                                                                                        EIN                                                         Preparer’s SSN or PTIN                       52
          53                                                                                                                                                                                                                                                                53
                  1234567980123456789012345678901234567890   123456789       123456789
          54        Firm’s Address (or yours if self-employed) (Street, City, State, ZIP Code)                                                                                                                                                                              54
          55      12345678901234567890123456789012345678901234567890123456   X Check if self-employed                                                                                                                                                                       55
          56                                                                                                                                                                                                                                                                56
                  12345678901234567890123456789012345678901234567890123456
          57                                                                                                                                                                                                                                                                57
          58                            Send return                            Vermont Department of Taxes                                                                                                                                                                  58
          59                            and check to:                          133 State Street                                                                                                                                                                             59
          60                                                                                                                                                                                                                                                                60
                                                                               Montpelier, VT  05633-1401
          61                                                                                                                                                                For Department Use Only                                                                         61
                                                                                                                                                                                                                                        Form CO-411
                                                                                                                                                                  Ck. Amt.                                   Init.
          62                                                                                                                                                                                                                                  Page 3 of 3                   62
          63     5454                                                                                                                                                                                                                            Rev. 10/23                 63
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