Selling Losses and Credits

Download 2007 NJEDA Application

2007 Qualifying Criteria and Scoring

In order to promote the growth of new technology in the state of New Jersey, the Legislature has passed a law originally effective January 1, 1999, and later amended in June 1999, which allows new and emerging technology and biotechnology companies to sell allowable Net Operating Losses (NOL’S) and unused Research and Development Tax Credits (R&D Credits) for no less than 75% of their approved value to any profitable company that pays New Jersey Corporate tax. Now New Jersey’s technology companies can get the cash they need today to go to the next level without incurring debt or dilution. We are currently processing company applications on a continual basis.

Tax Transfer Corporation of New Jersey can help you by offering two levels of service, Turnkey and Placement Agent.  With our Turnkey program we facilitate all aspects of this intense and time consuming process.  We will complete and submit the application on your behalf, take delivery of your credit certificates, find a buyer, provide legal council and coordinate the closing.  For those companies who prefer to apply themselves Tax Transfer can simply act as a Placement Agent for the transaction.

From 1999 through 2006, Tax Transfer Corporation of New Jersey was 100% successful in placing all of our clients' credits. Historically, we have closed as much as thirty days prior to any other program participant.  This results in you receiving your money faster.  We also have the ability to  place you with a funding organization that can result in you receiveing your funds even earlier.

IF YOU WOULD LIKE TO READ THE LAW PLEASE CLICK HERE

Please note that if you have changed your state of incorporation, you may not sell any NOLs or R&D credits that were accrued prior to that change. If you do not meet all of the criteria, please call us to discuss your specific circumstances and let us help you determine whether or not you should apply.

Download 2007 NJEDA Application

2007 Qualifying Criteria and Scoring

 
For more specific information please call or contact us.
908-630-0087

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