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4 Vermont Department of Taxes 4
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6 2023 Schedule IN-117 *231171100* 6
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Vermont Credit for Income Tax Paid to *231171100*
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8 Other State or Canadian Province INCLUDE WITH FORM IN-111 8 Page 3
10 Please PRINT in BLUE or BLACK INK 10
11 For Residents and Some Part-Year Residents ONLY. 11
12 You must complete a separate Schedule IN-117 for each state or Canadian province and include a copy of the other state return(s). 12
13 Please see instructions. 13
14 Taxpayer’s Last Name First Name MI Taxpayer’s Social Security Number 14
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1234567890123(17) 1234567890123(17) 1 123456789
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17 121. Name of state or Canadian province. Use standard two-letter abbreviation .............................................. 1. ________ 17
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19 2. Enter Adjusted Gross Income taxed in another state or Canadian province that is also 19
subject to Vermont income tax. This entry cannot be more than
20 12345678901234the entry on Form IN-111, Line 1. (If less than zero, enter -0-) ...2. _________________________.00 20
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3. 2023 Bonus Depreciation addback taxed in another state or
22 12345678901234Canadian province AND taxed in Vermont. .................. 3. _________________________.00 22
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4. Non-Vermont state/local obligations taxed in another state
24 12345678901234or Canadian province AND taxed in Vermont ................ 4. _________________________.00 24
25 25 FORM (Place at FIRST page)
26 123456789012345. ADD Lines 2 through 4 .................................. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. ________________________.00 26 Form pages
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6. Bonus Depreciation subtracted from income in another state
28 12345678901234or Canadian province in tax year 2023 ...................... 6. _________________________.00 28
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7. U.S. Government interest income subtracted from income in
30 12345678901234another state or Canadian province in tax year 2023 ........... 7. _________________________.00 30
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3 - 3
32 123456789012348. ADD Lines 6 and 7 ..................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. ________________________.00 32
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9. Modified Adjusted Gross Income for income taxed in another state or Canadian province AND
34 12345678901234taxed in Vermont (SUBTRACT Line 8 from Line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9. ________________________.00 34
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10. Adjusted Gross Income from Form IN-111, Line 1.
36 12345678901234(If less than zero, enter -0-) .............................. 10. _________________________.00 36
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11. Non-Vermont state/local obligations from
38 12345678901234Schedule IN-112, Part I, Line 3 .......................... 11. _________________________.00 38
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40 1234567890123412. Bonus Depreciation from Schedule IN-112, Part I, Line 4 ......12. _________________________.00 40
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42 1234567890123413. ADD Lines 10 through 12 ................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. ________________________.00 42
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14. U.S. Government interest income from
44 12345678901234Schedule IN-112, Part I, Line 7 .......................... 14. _________________________.00 44
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46 1234567890123415. Bonus Depreciation from Schedule IN-112, Part I, Line 9 ......15. _________________________.00 46
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48 1234567890123416. ADD Lines 14 and 15 ................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. ________________________.00 48
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50 1234567890123417. SUBTRACT Line 16 from Line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17. ________________________.00 50
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52 1234567890123418. Vermont income tax from Form IN-111, Line 14 ............ 18. _________________________.00 52
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54 19. Computed tax credit (DIVIDE Line 9 by Line 17. MULTIPLY the result by Line 18.) Result cannot be more than 100% of Vermont tax. 54
55 Line 9 55
1234567890 x Line 18 1234567890
56 Line 17 1234567890 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19. ________________________12345678901234 .00 56 FORM (Place atLAST page)
57 20. Income tax paid to another state or Canadian province based on modified Adjusted Gross 57 Form pages
58 12345678901234Income from Line 9 above ................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20. ________________________.00 58
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21. VERMONT CREDIT for income tax paid to another state or Canadian province.
60 12345678901234Enter the lesser of Line 19 or Line 20. Also enter on Form IN-111, Line 17 ....................... 21. ________________________.00 60
61 Form IN-117 61
62 Page 1 of 1 62 3 - 3
63 5454 Rev. 10/23 63
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