Search
 

Online Exchange For State Tax Credits Launches

Exchange starts with Louisiana tax credits; plans to add California, Georgia credits in December.

By Susan Kelly | Updated on November 20, 2012
An online exchange has been launched to facilitate the trading of state tax credits, a development that the exchange’s co-founder says will increase the transparency and efficiency of the market in such credits. The Online Incentives Exchange (OIX) is starting with tax credits issued by Louisiana and plans to add credits from two more states, California and Georgia, next month. Eventually it hopes to host trading in the tax credits of all 45 states that allow such transactions.

“Our goal is to bring efficiency to a market that is currently a bit opaque and fragmented,” says Danny Bigel, CEO and co-founder of the exchange. “There is currently no visibility in terms of pricing. By definition, transparency will bring efficiency to the marketplace.”

States have rolled out a variety of credits to lure business activity, including incentives to relocate, create new jobs or invest. A 2011 study by Good Jobs First estimated state tax credits total $11 billion a year. Bigel says OIX’s proprietary database on tax credits shows states issue $10 billion in credits each year, with about $5 billion of those tax credits either tradable or transferrable.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.