Frequently Asked Questions
1. How Do I list my tax credits?
If you have been awarded or have purchased state Tax Credits that you would like to sell, register with eTax Credit Exchange as a “Seller” and follow the instructions to upload your state documentation. Tax credits are listed only after e Tax Credit Exchange has confirmed the validity and availability of all Tax Credits to be transferred, pursuant to the laws of the jurisdiction under which the Tax Credits were created, by the appropriate state department office.
2. When can i list my tax credits?
Once you have successfully submitted all required documents to the Marketplace, eTax Credit Exchange will confirm the validity and availability of all Tax Credits to be transferred, pursuant to the laws of the jurisdiction under which the Tax Credits were created, by the appropriate state department office. Upon receiving confirmation the Tax Credits are valid, eTax Credit Exchange will notify you and update the project status to “certified”, enabling the project to be listed on the Marketplace.
3. Can Tax Credit Exchange assist me in getting my project certified?
eTax Credit Exchange cannot assist in getting your project certified. However, you can list valid projects for viewing on the Marketplace by uploading the letter from the state verifying the project as “pre-certified”. Once the project has been certified, upload the certification letter from the state and after verificaton, eTax Credit Exchange will update the project status to “certified”, allowing trading activity to commence on the project.
4. Is there a minimum amount of tax credits that I can list?
As a Seller, the minimum amount of Tax Credits you can list is $1,000.00.
5. Can I change my listing price?
You can change your listing parameters on your Dashboard at any time. Please be advised that you are bound to any and all bids accepted and transactions fully executed prior to editing your preferences.
6. Is this an auction?
This is not a timed auction. eTax Credit Exchange is a Marketplace where Buyers can purchase State-Certified Tax Credits at a price listed by the respective Sellers. If the Seller chooses to accept bids (which will be clearly noted on the Marketplace), Buyers can submit bids below the listed price. Sellers have 48 hours to accept or reject any bid. If the bid is rejected, the Buyer can submit additional bids to other projects or a modified bid to the same Seller.
7. Can I accept bids?
When listing a project on the Marketplace, you can elect to accept bids outside of a project’s listed price. When a bid is submitted, you have 48 hours to accept (or reject) the bid before it expires.
8. How do I receive my proceeds?
You choose to receive payments either via ACH (Automated Clearing House) credit to a bank account or wire transfer after a 48-hour escrow period.
9. How are my Tax credits transferred to my Buyers?
eTax Credit Exchange serves as the clearing agent and creates and files all documents required to effect the transfer of credits from the Seller to the Buyer.
10. Do I need to notify the appropriate state department that I sold my Tax credits?
eTax Credit Exchange will notify the appropriate state department on your behalf. eTax Credit exchange serves as the clearing agent and creates and files all documents required to effect the transfer of credits from the Seller to the Buyer.