Vermont Tax Department Issues Guidance on Uniform Capacity Tax for Solar Energy Plants

The Vermont Department of Taxes issued guidance regarding the Uniform Capacity Tax (UCT) that applies to certain solar energy plants and grid-connected energy storage facilities. The Department includes: 1) an overview of renewable energy plants commissioned to generate solar power and energy storage facilities; 2) the procedure for filing Form SE-603A; and 3) a filing due date of April 15 for the tax period ending Dec. 31, 2024. [Vt. Dep’t of Taxes, Uniform Capacity Tax, 03/01/25]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.