Our goal is to simplify the tax credit process for you, the buyer, by navigating through ever-changing legislation, identifying appropriate tax credits, and managing the paperwork. In short, we identify tax credits for you and handle all aspects of the transfer, so that you can realize substantial tax savings in as many states as possible, with very little effort on your part. Legislation providing for tradeable tax credits allows companies who earn credits to sell them to other taxpaying companies or individuals. Because of the significant economic benefits, many states have recently enacted Film Production Tax Credit Programs to lure film-making to their states. In most cases, production companies do not have sufficient tax liability to utilize the credits. So, they call upon us The Placement Specialists, to locate a suitable buyer. Their tax credits are then sold at a discount for cash, and the benefit to the buyer is tax savings. The following states have tradeable tax credit programs (of varying types and attributes): Arizona, Connecticut, Georgia, Illinois, Iowa, Louisiana, Massachusetts, Missouri, New Jersey, Pennsylvania, Puerto Rico, Rhode Island, and West Virginia with more expected in the coming months.
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