The Pennsylvania Research and Development Tax Credit (R&D Tax Credit) Assignment program was established to assist the growth and development of technology-oriented businesses, particularly small start-up technology businesses. R&D Tax Credits have been issued by the Commonwealth to offset state tax liabilities for some time, and there has been a special minimum portion of the R&D Tax Credits reserved for small businesses. However, many small businesses in the early stages of development are not yet profitable and do not have significant tax liability. With this new R&D Tax Credit Assignment program, technology businesses can now sell unused R&D Tax Credits on the open market to help advance and grow the business.

One of Tax Transfer’s sister companies, Tax Transfer Pennsylvania aids companies in the application process as well as the placement of their realized R&D Tax Credits. Please browse TTC-PA’s website for more information.