Taxasta Launches Secondary Market for Transferable Tax Credits
Taxasta launches a national marketplace for transferable tax credits today. With over one billion dollars of transferable state tax credits issued every year, Taxasta seeks to bring efficiency and security to buyers and sellers.
- (1888PressRelease) September 09, 2011 - Little Rock, AR -- Taxasta, LLC ("Taxasta") launched a national marketplace for transferable tax credits today.
It is estimated that over $1 billion in transferable state tax credits are authorized in the United States every year to help small business investment, historical development, clean energy adoption and a variety of other important projects. Many of these tax credits are issued to individuals and businesses that cannot fully utilize them. Traditionally, the sales of these credits have been complicated by lack of a formal marketplace. Sellers often have to depend on limited information about the value of their credits or are forced to navigate a maze of informal networks to find buyers who might be on the other side of the country.
"The goal of Taxasta is to provide needed liquidity to the marketplace and spur investment in projects that are eligible for transferable tax credits," said Justin Cleveland, CMO of Taxasta. "Taxasta enables buyers and sellers to find each other quickly and our hassle-free processing ensures a safe and efficient transaction."
"Taxasta solves a very real challenge for recipients of transferable tax credits", said Jeff Amerine of Innovate Arkansas. "Many local startups leverage these credits for raising capital. Being able to ensure a potential investor that there is a liquid market is invaluable."
Taxasta legal professionals manage the entire process and all funds are handled through a safe and professional third party escrow service. The "Hassle Free Guarantee" provides peace of mind to buyers and sellers who need only sign the transfer documents prepared by certified legal professionals. Secure, convenient, efficient. For additional information, please visit www.taxasta.com.
- Justin Cleveland
- 400 W. Capitol Ave., Ste. 2000
- Little Rock, AR.
- Voice: 501-680-0554
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