General Discussion
In reply to the discussion: I smell a big Wal-mart Rat! [View all]libdem4life
(13,877 posts)defined period of time and under specific circumstances. I do not believe this type...the only one I know a bit about...is saleable...as it refers solely to the employee qualification (and handled only by the state employment office) and the continued employment of an individual. It is possible, that a company who has these folk employed and is selling the company can transfer their rights of tax credit to a new buyer and that would be included as a temporary asset...that I believe is correct. But just to sell them like a stock or a bond, not this type.
It is a complex program, typical government, and a company must be large enough to dedicate someone in HR or hire someone like Clocktower as an outsource, who will take 1/4 of the credit as a commission. The program is fraught with pitfalls, as it does require a kind of background check as to eligibility, and often new hires don't like to claim they have been on social services, which denies the company the credit.
A company like WalMart or any other large retailer or fast food and often medical companies routinely file for and receive the credits...perhaps 2 out of 10 new hires will qualify. Others say it's not worth the hassle. At least the government gets something back on this tax credit investment...payroll taxes, income taxes, lowering the social services costs...as opposed to energy credits or the like.