Vermont Department of Taxes 

            2023 Schedule IN-117                                                                                              *231171100*
  Vermont Credit for Income Tax Paid to                                                                                       *231171100*
      Other State or Canadian Province                                                                                                INCLUDE WITH FORM IN-111                                                                                         Page 3
                                                                                                                                 Please PRINT in BLUE or BLACK INK
For Residents and Some Part-Year Residents ONLY.
You must complete a separate Schedule IN-117 for each state or Canadian province and include a copy of the other state return(s).  
Please see instructions.
               Taxpayer’s Last Name                                                       First Name                          MI                         Taxpayer’s Social Security Number
  1234567890123(17)       1234567890123(17)    1   123456789

                                                                       12 1. Name of state or Canadian province. Use standard two-letter abbreviation ..............................................1.  ________
 2.   Enter Adjusted Gross Income taxed in another state or Canadian province that is also 
      subject to Vermont income tax. This entry cannot be more than 
                                      12345678901234the entry on Form IN-111, Line 1.  (If less than zero, enter -0-) ...2.  _________________________.00
 3.   2023 Bonus Depreciation addback taxed in another state or  
                                      12345678901234Canadian province AND taxed in Vermont. ..................3.  _________________________.00
 4.   Non-Vermont state/local obligations taxed in another state 
                                      12345678901234or Canadian province AND taxed in Vermont ................4.  _________________________.00
                                                                                                                                                                                                                                                       FORM  (Place at FIRST page)
                                                           123456789012345.  ADD Lines 2 through 4 .................................. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.  ________________________.00                    Form pages 
 6.   Bonus Depreciation subtracted from income in another state 
                                      12345678901234or Canadian province in tax year 2023 ......................6.  _________________________.00
 7.   U.S. Government interest income subtracted from income in 
                                      12345678901234another state or Canadian province in tax year 2023 ...........7.  _________________________.00
                                                                                                                                                                                                                                                       3 - 3
                                                          12345678901234 8.  ADD Lines 6 and 7  ..................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.  ________________________.00
 9.   Modified Adjusted Gross Income for income taxed in another state or Canadian province AND 
                                                          12345678901234taxed in Vermont (SUBTRACT Line 8 from Line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.  ________________________.00
 10.  Adjusted Gross Income from Form IN-111, Line 1. 
                                      12345678901234(If less than zero, enter -0-) ..............................10.  _________________________.00
 11.  Non-Vermont state/local obligations from 
                                      12345678901234Schedule IN-112, Part I, Line 3  ..........................11.  _________________________.00

                                      12345678901234 12. Bonus Depreciation from Schedule IN-112, Part I, Line 4 ......12.  _________________________.00

                                                          12345678901234 13.  ADD Lines 10 through 12 ................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.  ________________________.00
 14.  U.S. Government interest income from  
                                      12345678901234Schedule IN-112, Part I, Line 7  ..........................14.  _________________________.00

                                      12345678901234 15. Bonus Depreciation from Schedule IN-112, Part I, Line 9 ......15.  _________________________.00

                                                          12345678901234 16.  ADD Lines 14 and 15  ................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.  ________________________.00

                                                          12345678901234 17.  SUBTRACT Line 16 from Line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17.  ________________________.00

                                      12345678901234 18. Vermont income tax from Form IN-111, Line 14  ............18.  _________________________.00

 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.
      Line 9
       1234567890      x Line 18 1234567890
       Line 17 1234567890                                         . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19.  ________________________12345678901234                                              .00                        FORM  (Place atLAST page)
 20.  Income tax paid to another state or Canadian province based on modified Adjusted Gross                                                                                                                                                           Form pages 
                                                          12345678901234Income from Line 9 above ................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.  ________________________.00
 21.  VERMONT CREDIT for income tax paid to another state or Canadian province.  
                                                          12345678901234Enter the lesser of Line 19 or Line 20. Also enter on Form IN-111, Line 17  ....................... 21.  ________________________.00
                                                                                                                                                             Form IN-117
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               5454                                                                                                                                          Rev. 10/23