Selling tax breaks
Most states have tax confidentiality laws that prevent any government official from disclosing tax information. This makes it hard to get records of who’s selling tax credits and who’s buying them. There are a few cracks in the black boxes — some state confidentiality laws have exemptions related to tax credits — but the best strategy I’ve come across so far is targeting tax credit transfer notices that are sent anywhere besides a state’s department of revenue. In Georgia, Louisiana, and Orgeon, for example, these notices are sent to agencies like the department of economic/community development or department of energy. Google a state and “tax credit transfer” and you’ll usually get a user manual for how to transfer a credit and where to file the paperwork. If you have the time, I’d also suggest reviewing the state’s tax confidentiality law to see if there’s an exemption you can cite.
Photo courtesy: geralt/CreativeCommons
Todd Feathers sent this request to the Office of Economic Development and International Trade - Colorado of Colorado
Todd Feathers sent this request to the Executive Office of Housing and Economic Development of Massachusetts