This document is a Vermont bank franchise tax return for the fourth quarter of 2008. It provides instructions for banks to calculate their average monthly deposits over the past 12 months and apply the tax rate of 0.000096 to determine their quarterly tax due. Banks must file this return and pay any taxes owed by January 25, 2009 for the fourth quarter ending December 31, 2008.

1. VERMONT DEPARTMENT OF TAXES
PO BOX 547
MONTPELIER, VT 05601-0547
VERMONT BANK FRANCHISE TAX RETURN
OCTOBER 1, 2008 - DECEMBER 31, 2008
FOURTH QUARTER
Print or type complete bank name Federal ID Number
Mailing Address Is this a change of address?
Yes No
City State ZIP Code
TAX COMPUTATION SCHEDULE
Month of Average Monthly Deposit
BFS x Tax Rate = Tax Due
1. OCT 2008 $ .000096 $
2. NOV 2008 $ .000096 $
3. DEC 2008 $ .000096 $
TOTAL TAX DUE $
Tax Credit $
TOTAL $
I declare under the penalties of perjury, this return is true, correct and complete to the best of my
knowledge. If prepared by a person other than the taxpayer, his/her declaration further provides under
32 V.S.A. §§5901-5903 this information has not been and will not be used for any other purpose or
made available to any other person other than for the preparation of this return unless a separate valid
consent form is signed by the taxpayer and retained by the preparer.
Signature of Corporation Officer Title Date
Signature of Preparer Firm Name Date
Address of Preparer
Form BFT-1
Rev. 11/07

2. VT SCHEDULE OF AVERAGE DEPOSITS
FOURTH QUARTER 2008
OCTOBER NOVEMBER DECEMBER
10987654321098765432121098765432109876543210987654321
10987654321098765432121098765432109876543210987654321
10987654321098765432121098765432109876543210987654321
OCT 31, 2007 65432109876543210987654321765432109876543210987654321
10987654321098765432121098765432109876543210987654321
10987654321098765432121098
65432109876543210987654321
65432109876543210987654321
65432109876543210987654321
NOV 30, 2007 65432109876543210987654321
65432109876543210987654321
DEC 31, 2007
JAN 31, 2008
FEB 29, 2008
MAR 31, 2008
APR 30, 2008
MAY 30, 2008
JUN 30, 2008
JUL 31, 2008
AUG 29, 2008
SEP 30, 2008 98765432109876543210987654321
98765432109876543210987654321
98765432109876543210987654321
OCT 31, 2008 43210987654321098765432121098765432109876543210987654321
98765432109876543210987654321
98765432109876543210987654321
432109876543210987654321210987654321098765432109876543211
43210987654321098765432121098765432109876543210987654321
43210987654321098765432121098765432109876543210987654321
NOV 28, 2008 43210987654321098765432121098765432109876543210987654321
4321098765432109876543212109876543210987654321098765432
TOTAL 12 MO.
Divide Total by 12 = (1) (2) (3)
INSTRUCTIONS
1. The tax is due from all corporations operating as banks, savings banks, savings institutions, trust companies, savings and
loan association or building and loan associations. A corporation is a “bank” if it accepts any deposits and makes any
loans, whether or not it is defined as a “bank” for federal or state regulatory purposes.
2. Average monthly deposit - The average monthly deposit for any taxable month shall be determined by the deposits held
in Vermont by the corporation on the last business day of each of the 12 months directly preceding the taxable month for
which the average monthly deposit is to be determined. Divide these by 12 using VT Schedule of Average Deposits
above. Deposit means “deposit” as defined in Title 12, Paragraph 204, §204.2(a)(1) of the code of federal regulations.
3. Tax is payable quarterly to the commissioner not later than the 25th day of the month following the last day of each
quarter of the corporation’s taxable year under the Federal Internal Revenue Code, for the three months of that quarter.
4. Refer to 32 V.S.A. §5836 for the exact wording of the statute. If there are any questions, please call (802) 828-6839.