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Blog and intelligence

Market notes from the people inside the transaction.

Views on tax credit pricing, policy, diligence, and transaction mechanics from the deals Vericap sees across the market.

Latest

Tax CreditSep 2026

The Next Chapter of the Transferable Tax Credit Market

Vericap Insider · Volume I · Issue 010 · Every financial market eventually builds the infrastructure that allows it to scale. This market is no different.

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Tax CreditAug 2026

The Low-Income Communities Bonus Credit: Why Winning the Lottery Matters More Than the Credit Itself

Most bonus adders are straightforward: meet the requirements, document them, and claim the bonus. The §48(e) Low-Income Communities Bonus Credit is different. It’s a competitive allocation program with limited annual capacity, so even a fully qualified project can receive nothing if it isn’t selected.

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Tax CreditAug 2026

The 22-Year Carryforward: How Buyers Are Building Strategies Around Credits They Can't Use Yet

Most tax credit discussions assume buyers need the offset this year. But excess purchased credits can carry back three years and forward up to 22 years. That flexibility gives buyers a longer runway and is quietly changing how some think about acquisition timing.

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Tax CreditAug 2026

The Related-Party Restriction: Why Section 6418 Blocks Deals Between Connected Companies

A parent company with a large tax liability and a subsidiary generating clean energy credits sounds like an obvious internal transaction. Section 6418 doesn't allow it. The transfer election only works between unrelated taxpayers, and the definition of related is broader than a lot of corporate groups initially assume.

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Tax CreditAug 2026

Can You Resell a Tax Credit You Already Bought? The One-Transfer Rule Under Section 6418

A buyer purchases a credit, and a few months later a different counterparty offers a better price for the same volume. Selling it along feels like an obvious move for any other financial asset. Under Section 6418, it's not available at all: a credit can be transferred exactly once, and the buyer who receives it has no legal path to sell it.

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Tax CreditAug 2026

The Market Doesn't Need More Deals

Vericap Insider · Volume I · Issue 009 · It needs better standards.

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