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

 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 
     the 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  
     Canadian province AND taxed in Vermont. ..................3.  _________________________ .00
 4.  Non-Vermont state/local obligations taxed in another state 
     or Canadian province AND taxed in Vermont ................4.  _________________________ .00
                                                                                                                                                                                 FORM  (Place at FIRST page)
 5.  ADD Lines 2 through 4 .................................. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.  ________________________ .00                     Form pages 
 6.  Bonus Depreciation subtracted from income in another state 
     or Canadian province in tax year 2023 ......................6.  _________________________ .00
 7.  U.S. Government interest income subtracted from income in 
     another state or Canadian province in tax year 2023 ...........7.  _________________________ .00
                                                                                                                                                                                 3 - 3
 8.  ADD Lines 6 and 7  ..................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.  ________________________ .00
 9.  Modified Adjusted Gross Income for income taxed in another state or Canadian province AND 
     taxed in Vermont (SUBTRACT Line 8 from Line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.  ________________________ .00
 10. Adjusted Gross Income from Form IN-111, Line 1. 
     (If less than zero, enter -0-) ..............................10.  _________________________ .00
 11. Non-Vermont state/local obligations from 
     Schedule IN-112, Part I, Line 3  ..........................11.  _________________________ .00

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

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

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

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

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

 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
                                  x Line 18 
     Line 17                                                           . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.  ________________________ .00       FORM  (Place at LAST page)
 20. Income tax paid to another state or Canadian province based on modified Adjusted Gross                                                                                      Form pages 
     Income from Line 9 above ................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.  ________________________ .00
 21.  VERMONT CREDIT for income tax paid to another state or Canadian province.  
     Enter the lesser of Line 19 or Line 20. Also enter on Form IN-111, Line 17  ....................... 21.  ________________________ .00
                                                                                                                                                Form IN-117
                                                                                                                                                Page 1 of 1                      3 - 3
             5454                                                                                                                               Rev. 10/23

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