Questions? Please Contact Us

News

Tax Credit Brokers Enter Crowded Field in Louisiana

November 19, 2012 Media Coverage

eTax Credit Exchange was profiled in this cover story on the introduction of online tax credit trading in Louisiana.

Tax Credit Brokers Enter Crowded Field in Louisiana

November 19, 2012 New Orleans CityBusiness

The November 2012 cover article, entitled “Roll the Credits: Online Exchange Operators Say They Represent the Future of Trading,” highlights industry veterans, Peter Loop and Raelynn Tammariello Loop, and the introduction of eTax Credit Exchange. “Louisiana has become a hotbed for the tax credit trade largely because of its movie and video production incentive, which grants a 30 percent tax credit to projects that spend more than $300,000 in the state. Companies that receive film credits are also allowed to sell them to other taxpayers.” Discussing the move away from private brokerage to an online marketplace, the article highlights the desire to the purchase of tax credits accessible to more people and increase transparency in the process. Citing the more than $5 billion in transferable tax credits are issued annually with more than $300 million in Louisiana alone, that the online exchanges are allowing tax credits programs to do “exactly what (they) are supposed to be doing.”