Some of the least utilized tax management tools are tax credits and incentives. The federal government has created a number of targeted tax credit programs to incentivize investment in desired areas such as low-income housing, research and development, and job creation. These programs offer investors a dollar-for-dollar reduction in federal tax liability in exchange for providing capital to the project. Numerous states also provide companies with tax credits for similar investments. Companies who may not be eligible for federal credits may still be eligible for substantial state tax credits.
Regency Advisory Group has a wealth of experience assisting clients with securing exemptions, investment tax credits, and abatements for newly acquired or currently held investments.
Some of the events that might trigger an opportunity for such credits and incentives are: