State Tax Credits

Many states offer tax credits to increase investment in the state as well as to increase economic growth and create jobs.  These activities include historic rehabilitation projects, renewable energy projects, film production, among others.

Some of the state tax credits are “transferable” tax credits – meaning they can be sold by one taxpayer to another taxpayer for use by the purchaser.  Due to the growth of online exchanges, millions of dollars in state tax credits are bought and sold on an annual basis.

Depending on a variety of factors, the price for $1 in state tax credits can range from $0.70 to $0.95.  For buyers with a high state income tax liability, the purchase of a transferable state tax credit can provide an immediate and substantial rate of return.

ETA works with professional athletes in identifying available tax credits to reduce annual state income tax liabilities.  More importantly, ETA assists its clients in navigating the purchase and procurement process.