Transferable credit
In accounting, transferable credit means a tax credit the holder may sell for cash to another taxpayer — federal clean-energy credits under §6418, many state film and historic credits; New Jersey's program also lets technology companies sell NOLs.
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Authority
This definition follows IRC §6418; state law.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- refundable credit (paid by the government)
Nearby in the catalog
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Terms this one depends on
Also in Tax
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.