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A comment on Tesla's New York Gigafactory Kicks Off Solar Roof Production. Parent comment

Re:Tesla's New York Gigafactory Kicks Off Solar Roof Production by powvans on Wednesday January 10, 2018 @12:25AM (#16112745)
These incentives are often transferable tax credits. It isn’t unusual for a company to have little or no tax liability in the state offering the incentive. There are markets where the tax credits are sold to companies that do have tax liability in the state.

It’s effectively putting cash directly into the pocket of the businesses you seek to attract.

[ Parent | on HN ]
Re:Tesla's New York Gigafactory Kicks Off Solar Roof Production by webXL on Wednesday January 10, 2018 @12:55AM (#16112845)
Other companies are putting that cash directly into those businesses, not the state. The ones with the tax liability just get to keep more of their cash, again not the state's!
[ Parent | on HN ]