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NJ
NJEDA Technology Business Tax Certificate Transfer Program
Cash-generating tax credit transfer program for qualified New Jersey technology companies.
About this program
The Technology Business Tax Certificate Transfer Program allows qualified unprofitable New Jersey technology and biotechnology companies to sell unused net operating losses and research and development tax credits to unrelated profitable corporations for cash. Deadline notes: Annual application deadlines are announced by NJEDA. Notes: One of New Jersey's main startup financing tools for unprofitable technology companies.
Eligibility
Qualified New Jersey emerging technology and biotechnology companies meeting program requirements for size, activity, ownership, and unprofitability.
Requirements
- Submit NJEDA application with business registration, tax clearance, financial statements, tax credit and net operating loss documentation, technology activity evidence, ownership information, and required certifications.