Investor Presentaiton
COMMON CHALLENGES TO ADMINISTRATION
Pass-through entities do not always send multilevel allocations in the right order
Credits cannot be claimed by lower levels until the top level generates the credit
Statute requiring that credit generation and credit claiming occur in different tax years
Credits that become uncapped during the tax year
Preapproval credits that are based on an estimated amount, generated prior to adjustments or allowed to be
transferred, and then must be clawed back to the adjusted amount; claw-back should be associated with seller -
not purchaser of credit
Preapproval estimates - Entities estimate tax liability for preapproval at an amount above what they will qualify
for/at per entity cap, because preapproved credit amounts can only be adjusted down. Large portions of annual
statutory cap go unused due to "loss"
Staff retention
DEPARTMENT of REVENUE
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