An increasing number of states are designing tax credit incentives to be transferable, allowing companies to sell credits in excess of their own liability, making such incentives more effective and deficient for all parties. This is especially important for high-growth and technology-oriented companies. BLS & Co. arranges and structures the sale of such unused tax credits to high-quality credit purchasers, securing optimal value from incentives packages for our clients.
We provide advice and support in market conditions, pricing and the regulatory environment, and manage the negotiation of terms, documentation, tax credit certificates and the public approval process. In cases involving development projects, BLS & Co. also supports clients that are completing financing collateralized by the pre-sale of tax credits, including assisting with lender negotiations, loan structuring and documentation. In the past five years alone BLS & Co. has managed the sale of more than $1.4 million in state tax credits.
Our active and productive relationships with major corporate tax payers, state economic development and taxation authorities ensure that our clients’ interests are well-served with the most current insights on the market and regulatory environment for transferable state tax credits.