When a company has been awarded credits against state corporate income taxes that they are unable to fully utilize, BLS & Co. is frequently able to arrange a sale of the unused tax credits to high-quality credit purchasers, when state programs allow such transfers or sales. We provide advice and support in connection with the initial filing and approvals required to issue a tax credit certificate.
Each subsequent year, we manage the tax credit transfer applications approval process. BLS & Co. also supports clients that are completing financing collateralized by the sale of tax credits, including assisting with lender negotiations, loan structuring and documentation.
Our active and productive relationships with state economic development and taxation authorities ensure that our clients’ interests are well-served and that we remain current with any changes in pertinent statutes and regulations.