By using a standard linear solid model to describe the viscoelasticity of the belt material, a vibration analysis of a parametrically excited moving belt is performed. Closed-form solutions at principal resonance and summation resonance are derived at the first order approximation. The existence conditions and stability are discussed for the nontrivial solutions, yielding explicit expressions of the existence and the stability conditions in terms of the detuning parameter. Numerical examples clearly show the effects of tension fluctuations and translating speeds on the amplitudes of dynamic responses, the corresponding existence domains and the stability of the solutions. It is also demonstrated that the stability domains of the nontrivial solutions are different from those corresponding to elastic models.