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
43 Requests
Completed
Arkansas targeted business in-house research credit
Todd Feathers sent this request to the Arkansas Economic Development Commission of Arkansas
Completed
Colorado historic rehabilitation tax credit transfers
Todd Feathers sent this request to the Office of Economic Development and International Trade - Colorado of Colorado
Withdrawn
Community Investment Tax Credit certificates
Todd Feathers sent this request to the Executive Office of Housing and Economic Development of Massachusetts
Rejected
Todd Feathers sent this request to the Department of Economic and Community Development of Connecticut
Completed
Connecticut Tax Credit transfers
Todd Feathers sent this request to the Department of Economic and Community Development of Connecticut
Completed
Danbury tax credit agreement with Eversource
Todd Feathers sent this request to the Housing Authority of the City of Danbury of Danbury, CT