Transferable state tax credits

Some states let the taxpayer who earns a credit sell, transfer or assign it to another taxpayer. Buyers, including individuals in some programs, pay less than face value and use the credit against their own state tax. This index lists every credit on our state pages that an official source says can be transferred, including limited transfers (for example only to a lessee or purchaser of the property).

Facts checked 2026-11-02. Rules on who may buy, transfer fees, registration and carryforward differ by program; read the linked official source before buying or selling a credit.

Transferable credits by state

State	Credit	Amount, rate or cap	Transfer rule	Status	Source
Alabama	Historic rehabilitation tax credit	25% of qualified rehabilitation expenditures; $20 million in credits a year, 2018-2027	Yes; transferable	Active through 2027	Alabama DOR, 2017 Alabama Historic Rehabilitation Tax Credit; Alabama Historical Commission, Rehabilitation Tax Credits
Alabama	Alabama Jobs Act investment credit	Up to 1.5% of qualified capital investment a year for up to 10 years (15 in targeted or Jumpstart counties); 5-year carryforward	Limited; first five years may be transferred for at least 85% of face value if the project agreement allows	Active	Alabama DOR, Investment Credit
Arkansas	Digital product and motion picture incentive	20% of production and post-production costs; extra 10% payroll rebate for full-time Arkansas residents or veterans; credit has 5-year carryforward	Yes; the tax credit may be sold or transferred by the production company	Active	Arkansas DFA, Business Incentives and Credits
California	Film and Television Tax Credit Program 4.0	Generally 35% of qualified expenditures (40% for a relocating TV series' first season); $750 million allocated per fiscal year; independent films count only the first $20 million	Yes, for independent films only (buyers cannot elect a refund)	Active; sunsets June 30, 2030	California Film Commission, The Basics 4.0; FTB, 2025 Instructions for Form FTB 3541
California	Low-income housing tax credit (state)	Allocated by CTCAC; for credits allocated after 2016, may be sold to unrelated parties for at least 80% of the credit amount	Yes, can be sold if elected through CTCAC	Active	FTB, 2025 Instructions for Form FTB 3521
Colorado	Conservation easement tax credit	For donations from January 1, 2021 through December 31, 2026: 90% of the easement's fair market value, up to $5 million per donation; credits over $1.5 million used in annual increments	Yes, to a qualified transferee by written agreement filed with the Division of Conservation	Active; rate and cap stated for donations through December 31, 2026	Colorado DOR, Income Tax Topics: Conservation Easement Credit; Colorado Division of Conservation, Tax Credit Certificates
Colorado	Commercial historic preservation tax credit	20% to 40% of rehabilitation expenses (at least 25% up to $2 million of expenses, 20% above; higher rural rates); up to $1 million of credits per property per year ($1.5 million for housing pool projects)	Yes	Active; first come, first served with a waitlist	Colorado OEDIT, Commercial Historic Preservation Tax Credit
Colorado	Innovative motor vehicle credit	Set by statute (39-22-516.7)	Yes; may be assigned to the financing entity or dealer	Active, tax years 2012-2028	Colorado DOR, Income Tax Credits
Colorado	Innovative truck credit	Set by statute (39-22-516.8)	Yes; may be assigned to the financing entity or dealer	Active, tax years 2014-2032	Colorado DOR, Income Tax Credits
Connecticut	Digital media and motion picture tax credit	Up to 30% of qualified expenses	Yes; up to three times (entities not subject to corporation or insurance tax may generally assign no more than 25% a year)	Active	CT DECD, Tax Credits; CT OLR, Guide to Connecticut's Business Tax Credits (2025-R-0015)
Connecticut	Historic rehabilitation tax credit	25% of qualified rehabilitation expenditures; 30% with affordable housing or in an Opportunity Zone; 5-year carryforward	Yes; may be sold or assigned up to three times	Active	CT DRS, Form CT-1120HR (2025); CT DECD, OZ Connecticut State Enhancements
Connecticut	Film production infrastructure credit	Not stated in the OLR transfer table	Yes; up to three times	Active	CT DECD, Tax Credits; CT OLR, Guide to Connecticut's Business Tax Credits (2025-R-0015)
Connecticut	Urban and industrial sites reinvestment credit	Not stated in the OLR transfer table	Yes; owner may transfer once, the assignee may not transfer again	Active	CT OLR, Guide to Connecticut's Business Tax Credits (2025-R-0015)
Connecticut	Theater production credit	Not stated in the OLR transfer table	Yes; unlimited transfers	Active	CT OLR, Guide to Connecticut's Business Tax Credits (2025-R-0015)
Delaware	Historic preservation tax credit	Not stated in the SHPO FAQ	Yes; fully transferable to taxpayers with Delaware income or bank franchise tax (nonprofits must transfer)	Active	Delaware SHPO, State Tax Credit Program FAQ (2025)
District of Columbia	DC low-income housing tax credit	Set by allocation	Yes; taxpayers receiving or transferring DC LIHTC must register at MyTax.DC.gov	Active	DC OTR, 2025 D-20 instructions
Florida	Contaminated site rehabilitation (voluntary cleanup) tax credit	50% of rehabilitation costs, up to $500,000 per site per year; 5-year carryforward	Yes; one transfer of unused credit to another entity	Active	Florida Department of Revenue, Corporate Income Tax Incentives; Florida DOR, Tax Information Publication 98C1-04; Fla. Stat. §376.30781 (2026); Fla. Stat. §220.1845 (2026)
Florida	Capital investment tax credit	Up to 5% of eligible capital costs a year for up to 20 years	Limited: only a project that includes a new solar panel manufacturing facility (at least 400 jobs, average salary of at least $50,000) may assign or transfer the credit, and the transferee must use it in the year received	Active	Florida Department of Revenue, Corporate Income Tax Incentives; Fla. Stat. §220.191 (2026)
Florida	Credit for qualified railroad reconstruction or replacement expenditures	50% of qualified expenditures, capped at $3,500 times the miles of track owned or leased in Florida; apply by May 1 of the following year	Yes; in whole or in part, by written agreement, to a corporate taxpayer that ships by the railroad or furnishes railroad-related property or services, or to another railroad; the Department of Revenue must be notified	Active	Fla. Stat. §220.1915 (2026)
Florida	Rural Community Investment Program credit	25% of the investor contribution, claimed 20% a year in the tax years containing the first through fifth credit certification dates; $7 million statewide yearly cap from fiscal year 2025-26 and $35 million in total	Limited: may not be sold on the open market; may be transferred only to affiliates of the rural fund	Active; no new applications after December 1, 2029; program expires December 31, 2040	Fla. Stat. §288.062 (2026)
Georgia	Film tax credit	20% of the base investment in Georgia, plus 10% for an approved qualified Georgia promotion; mandatory audit before use	Yes; can be sold to a Georgia taxpayer	Active	Georgia DOR, Film Tax Credit Information
Georgia	Historic rehabilitation tax credit	25% of qualified rehabilitation expenditures (30% for historic homes in HUD-designated target areas)	Yes; can be sold to a Georgia taxpayer after preapproval	Available for tax years 2023 through 2029 (credit codes 152 and 153)	Georgia Department of Revenue, Tax Credits; Georgia DOR, Historic Rehabilitation Tax Credit; Ga. Comp. R. & Regs. 110-37-6
Georgia	Land conservation credit	25% of fair market value, up to $250,000 per individual and $500,000 per corporation or partnership; $4 million a year statewide; preapproval required	Yes; can be sold to a Georgia taxpayer	DNR cannot accept new applications after December 31, 2026	Georgia DOR, Land Conservation Credit
Georgia	Railroad track maintenance tax credit	Not stated	Yes; can be sold to a Georgia taxpayer as provided in the regulation	Active for taxable years beginning on or after January 1, 2019 and ending on or before December 31, 2026	Georgia DOR, Railroad Track Maintenance Tax Credit
Georgia	Postproduction film tax credits	Statewide caps of $10 million a year (code 138, with $2 million per company and affiliates) and $1 million a year (code 139), through 2022	Yes; the postproduction company could sell the credit to a Georgia taxpayer	Expired: only for taxable years beginning on or after January 1, 2018 and before January 1, 2023	Georgia DOR, Postproduction Film Tax Credit; Georgia DOR, Small Postproduction Film Tax Credit
Illinois	Film production services tax credit	35% of qualified Illinois spending and resident salaries up to $500,000 per worker; 30% on limited non-resident salaries; +15% on wages of residents of high-unemployment areas; +5% outside the Chicago-area counties; +5% for relocating TV series; +5% for certified green productions; no program cap; 5-year carryforward	Yes; to up to 10 transferees within one year of issuance, with transfer fees	Active; scheduled for legislative renewal in 2039	Illinois DCEO, Illinois Film Production Tax Credit; Illinois DCEO, Film Tax Credit FAQs
Indiana	Venture capital investment tax credit	25% of qualified investment (30% for W/MBE businesses), up to $1 million lifetime per business; 20% for fund investments up to $5 million a year; $20 million annual program cap	Limited; credits can be assigned under IC 6-3.1-24-12 (no assignments under $10,000)	Active	IEDC, Venture Capital Investment Tax Credit Overview
Iowa	Historic preservation and cultural and entertainment district tax credit	A percentage of qualified rehabilitation expenditures set by Iowa Code 404A.2; 5-year carryforward if taken as nonrefundable	Yes; certificates may be transferred to any person or entity	Active	Iowa Admin. Code 701-501.48; Iowa Code 404A.2
Kansas	Historic preservation credit	25% of qualified expenditures; 30% for non-income-producing 501(c)(3) properties	Yes; may be sold, assigned, conveyed or transferred	Active	Kansas DOR, Historic Preservation Credit
Kansas	High Performance Incentive Program investment credit	10% of investment above $1 million (Douglas, Johnson, Sedgwick, Shawnee, Wyandotte) or above $50,000 elsewhere; 16-year carryforward	Limited; up to 50% may be transferred (projects placed in service from 2021)	Active	Kansas DOR, High Performance Incentive Program; Kansas DOR Notice 21-12
Kentucky	Historic rehabilitation tax credit	Up to 30% for owner-occupied homes (max $120,000, minimum $20,000 QREs); up to 20% for other properties	Limited: tax-exempt owners may transfer credits to a financial institution	Active	Kentucky Heritage Council, Rehabilitation Tax Credits overview (2024)
Kentucky	Kentucky Angel Investment Tax Credit	Up to 40% of the investment in high-unemployment or Heritage counties, 25% elsewhere; 15-year carryforward	Yes; may be transferred to an individual taxpayer	Active	Kentucky Cabinet for Economic Development, KAITC
Louisiana	Motion picture production tax credit	25% base; +10% for Louisiana screenplays; +5% outside the New Orleans metro; up to 40% total plus 5% on qualifying VFX; $150 million issued per fiscal year	Yes; can be transferred or sold to another Louisiana taxpayer, or back to the State for 90% of face value (2% fee)	Active	Louisiana Entertainment, Motion Picture Production Program; La. R.S. 47:6007
Louisiana	Rehabilitation of historic structures tax credit	25% of eligible costs incurred from January 1, 2023 through December 31, 2028 (35% in rural areas); 20% for 2018-2022 costs; $5 million annual cap per taxpayer per district; $85 million statewide annual reservation cap from 2025. No credit for costs incurred on or after January 1, 2029	Yes; may be sold an unlimited number of times, with notice to LDR within 10 business days and a $200 fee (LAC 61:I.1917)	Active for eligible costs incurred before January 1, 2029	Louisiana DOR, LAC 61:I.1917 rule; Louisiana Legislature, R.S. 47:6019
Louisiana	Research and development tax credit	30% (under 50 employees), 10% (50-99) or 5% (100+) of Louisiana qualified research expenses over a base amount; SBIR/STTR recipients 30% of the award; $12 million statewide claim cap per fiscal year from July 1, 2025	Limited; credits issued to SBIR/STTR applicants are transferable (R.S. 47:6015(D)(2))	Active	LED, Which R&D tax credits are transferable?; Louisiana Legislature, R.S. 47:6015
Massachusetts	Film incentive tax credit	25% of qualifying Massachusetts payroll and 25% of Massachusetts production expenses (production credit requires more than 75% of expenses and 75% of filming days in Massachusetts)	Yes	Active; made permanent by the FY22 budget	Mass. DOR, Film Incentive Tax Credit; Mass. DOR, TIR 22-5
Massachusetts	Historic rehabilitation tax credit	Up to 20% of qualified rehabilitation expenditures; statewide cap $110 million a year from 2024; 5-year carryforward	Yes	Active through December 31, 2030	M.G.L. c. 62, §6J; Mass. DOR, TIR 24-16
Massachusetts	Brownfields tax credit	25% of net response and removal costs (50% if no activity and use limitation); 5-year carryforward	Yes	Active; cleanup must begin by August 5, 2028 and costs be incurred before January 1, 2029	Mass. DOR, Brownfields Tax Credit; Mass. tax expenditure budget FY26, 2.608
Massachusetts	Low-income housing tax credit (state)	Amount set by the Executive Office of Housing and Livable Communities under IRC §42 rules; donation credit generally 50% of value (up to 65%); statewide cap $60 million a year from 2023	Yes	Active	Mass. tax expenditure budget FY26, 2.609; Mass. DOR, Low-Income Housing Tax Credit
Michigan	State historic tax credit	25% of qualified rehabilitation expenditures; $5 million a year statewide; certificates issued 2021-2030	Yes; may be assigned in whole or part, with SHPO certification	Active	Michigan SHPO, State Historic Tax Credit FAQ; MCL 206.266a
Minnesota	Film production credit	Up to 25% of eligible production costs; about $25 million a year statewide; no awards for tax years after 2030	Yes; assignable to another taxpayer before any of it is claimed	Active through 2030	Minnesota DOR, Film Production Credit; Minn. Stat. 116U.27
Missouri	Historic preservation tax credit	25% of qualified rehabilitation expenditures, or 35% outside Kansas City and St. Louis City without low-income housing credits; $90 million annual cap plus $30 million for qualified census tracts; owner-occupied residential capped at $250,000	Yes; sellable or transferable	Active	Missouri DED, Historic Preservation Tax Credit Program; Missouri DED, HTC Program Summary
Missouri	Show-Mo Act motion media production tax credit	20% base, up to 42% with increases; $16 million annual cap ($8 million film, $8 million episodic)	Yes; transferable tax credit	Active	Missouri Film Office, Motion Media Production Tax Incentive; RSMo §135.750
Montana	MEDIA Act film production credit	$12 million of credit a year, allocated to approved 2024 productions	Yes; DOR provides a MEDIA credit transfer form (Form MTC)	Closed: no credit available for productions filming after 2024	Montana DOR, MEDIA Tax Credit
Nebraska	Nebraska historic tax credit	25% to 30% of eligible expenditures (by county); up to $2 million per project; $2 million a year statewide plus carryover	Yes; Type A credits may be transferred, sold or assigned (non-exempt owners receive half Type A, half Type B)	Active	Nebraska DOR, NHTC Joint Report (Dec. 31, 2025); Nebraska DOR, Historic Tax Credit General Information
Nevada	Film transferable tax credit	15% of qualified production costs and resident labor (12% non-resident above-the-line); +5% for Nevada resident below-the-line crew; +5% for rural county locations; credits must be used within 4 years	Yes; must notify the State before any transfer	Active	Nevada Film Office, Incentive
New Jersey	Garden State Film and Digital Media Jobs Act credit	Film: 35% of qualified expenses (30% for goods and services used within 30 miles of Columbus Circle); studio partner and film-lease projects 40%. Digital media: 30% (35% with southern NJ vendors), $30 million a year. 7-year carryforward	Yes; the initial applicant can sell credits through an NJEDA transfer certificate for at least 75% of face value, to buyers with NJ corporation business, gross income or insurance premiums tax	Active for tax years ending before July 1, 2039	NJ Division of Taxation, Garden State Film and Digital Media Jobs Act Credit; NJEDA, Film and Digital Media Tax Credit Program FAQ (2026)
New Jersey	Historic Property Reinvestment Program	50% of rehabilitation cost up to $8 million; 60% up to $12 million in qualified incentive tracts or government-restricted municipalities; 45% up to $50 million for transformative properties	Yes; one sale through an NJEDA tax credit transfer certificate, for at least 85% of the transferred amount (75% for new LIHTC residential projects with an approved plan); the buyer cannot sell it again	Accepting applications	NJEDA, Historic Property Reinvestment Program; NJEDA, Historic Property Reinvestment Program FAQ (December 2025); N.J. P.L.2020, c.156 (New Jersey Economic Recovery Act of 2020); N.J. P.L.2024, c.61
New Jersey	Brownfields Redevelopment Incentive Program	60% of remediation costs up to $8 million; 80% up to $12 million in government-restricted municipalities or qualified incentive tracts; 100% up to the same caps for solar on closed landfills	Yes; can be sold for at least 85% of value (75% for LIHTC projects)	Not accepting applications until new rules are issued (expected 2026)	NJEDA, Brownfields Redevelopment Incentive Program; NJEDA, BRIP Overview 2026; N.J. P.L.2024, c.61
New Jersey	Emerge Program	Base $500 to $4,000 per new job a year, up to $8,000 with bonuses (plus $1,000 with a labor harmony agreement)	Yes; for at least 85% of value, or surrender to the Division of Taxation for 90%	Extended to March 1, 2029	NJEDA, Emerge Program
New Jersey	Aspire Program	Up to 85% of eligible costs (to $120 million) in Atlantic City, Trenton and Paterson; lower percentages elsewhere, e.g. 60% up to $90 million for LIHTC projects	Yes; through a tax credit transfer certificate, sold or assigned in amounts of at least $25,000 for at least 85% of the transferred credit (75% for LIHTC new residential projects; lower with an approved plan for new residential); the buyer cannot sell it again	Paused: NJEDA stopped accepting new applications on July 23, 2026 and says it expects to reopen this fall with revised criteria	NJEDA, Aspire Program; N.J. P.L.2020, c.156 (New Jersey Economic Recovery Act of 2020)
New Jersey	Research and development tax credit	10% of qualified research expenses over the base amount plus 10% of basic research payments; 7-year carryover	Limited: new or expanding emerging technology and biotechnology companies can surrender unused credits to other corporation business taxpayers through the CBT Tax Benefit Certificate Transfer Program	Active	NJ Division of Taxation, Tax Bulletin TB-114; NJ Division of Taxation, Corporation Business Tax Credits and Incentives
New Jersey	Food Desert Relief tax credit	Up to $40 million a year program-wide in credits, loans and grants	Limited: NJEDA itself may sell part of a year's credits (for at least 85% of value) to fund grants and loans; there is no sale provision for awardees	Active	NJEDA, Food Desert Relief Program; N.J. P.L.2020, c.156 (New Jersey Economic Recovery Act of 2020)
New Jersey	New Jersey Innovation Evergreen Program tax credit	NJEDA may auction up to $300 million of credits in total; each bid must be for at least $1 million of credits at no less than 85% of face value, and buyers commit to serve on the Evergreen Advisory Board and mentor portfolio companies. NJEDA reported $46,918,700 of unallocated fund capital as of October 13, 2026	Yes; a purchaser can get a tax credit transfer certificate and sell or assign it once; 10% of the consideration is remitted to the State, and the buyer cannot transfer it again	Active (amended by P.L.2023, c.118 and P.L.2025, c.80; program rules not yet updated, per NJEDA)	N.J. P.L.2020, c.156 (New Jersey Economic Recovery Act of 2020); NJEDA, New Jersey Innovation Evergreen Program
New Mexico	Film production tax credit	25% base, up to 40% maximum with uplifts (e.g. an extra 5% for series television and qualifying pilots); TV and qualified production facility uplifts cannot be stacked	Limited; payment may be assigned once to a qualified financial institution or authorized third party (Form RPD-41380), with no further transfer	Active	State of New Mexico, Film in New Mexico; NM Taxation and Revenue, FYI-370 Film Production Tax Credits
New Mexico	Land conservation tax credit	Not stated on the TRD overview; statute (Income Tax Act §7-2-18.10; Corporate §7-2A-8.9)	Yes; transferable through the Taxpayer Access Point (TAP) business credit transfer process	Active	New Mexico Taxation and Revenue Department, Tax Credits Overview and Forms
New Mexico	2021 sustainable building tax credit	Per-square-foot credit by certification level; $4,250,000 annual statewide cap; 7-year carryforward	Yes; may be transferred, sold or exchanged	Available until January 1, 2028	New Mexico Taxation and Revenue Department, Tax Credits Overview and Forms; NM EMNRD, 2021 Sustainable Building Tax Credit
New Mexico	New solar market development tax credit	10% of solar thermal or PV system cost (including batteries), up to $6,000 per taxpayer; $30 million annual cap	Yes; may be sold, exchanged or transferred for full value	Listed by TRD	New Mexico Taxation and Revenue Department, Tax Credits Overview and Forms; NM EMNRD, New Solar Market Development Tax Credit
New Mexico	Affordable housing tax credit	50% of the value of the donation or investment; 5-year carryforward; usable against income, gross receipts and compensating tax	Yes; transferable with notice to TRD and Housing New Mexico within 10 days	Active	New Mexico Taxation and Revenue Department, Tax Credits Overview and Forms; Housing New Mexico, State Tax Credit Fact Sheet; NM TRD, Form RPD-41301
New Mexico	Rural jobs tax credit	Not stated on the TRD overview	Yes; transferable through the Taxpayer Access Point (TAP) business credit transfer process	Listed by TRD	New Mexico Taxation and Revenue Department, Tax Credits Overview and Forms
North Dakota	Research expense credit	25% of the first $100,000 of excess QRE over base; 8% above $100,000	Limited; certified qualified R&D companies may transfer up to $100,000 of unused credit (Form CTS)	Active	ND Office of State Tax Commissioner, Research Expense Credit
Ohio	Ohio opportunity zone investment tax credit	10% of the investment the fund placed in Ohio opportunity zones; $2 million per applicant per biennium; $50 million a year for FY2026 and FY2027	Yes; the original certificate holder may transfer the credit	Active through fiscal year 2027 unless extended	Ohio Revised Code 122.84
Ohio	Ohio low-income housing tax credit	Annual credit amount stated on the eligibility certificate for each year of the credit period; reservations capped at $100 million per fiscal year plus unused prior-year cap and recaptured credits; no new reservations after June 30, 2027	Limited: the credit may be allocated among equity owners identified to the director; carryforwards may not be assigned once claimed	Active (new reservations through June 30, 2027)	Ohio Revised Code 175.16
Ohio	Transformational mixed use development tax credit	Up to 10% of eligible expenditures; at most $20 million per project; $125 million of new preliminary approvals in each of FY2026 and FY2027, with no more than $85 million for projects within ten miles of a major city	Yes; a preliminarily approved applicant may sell or transfer all or part of the credit and must notify the director	Active (new approvals through fiscal year 2027 unless extended)	Ohio Revised Code 122.09
Oregon	Film and video tax credit auction	Credits sold in $500 increments; minimum bid $450 (90%); 2026 auction ran Oct. 19-23 with 13,750 increments	Yes; credits are sold to taxpayers at auction	Active; annual auction	Oregon DOR, Tax credit auction
Pennsylvania	Film production tax credit	25% of qualified PA production expenses; 30% with qualified production facility stage filming; 30% for post-production at a qualified facility	Yes; may be sold, assigned or transferred	Active	PA DCED, Film Tax Credit Program
Pennsylvania	Historic preservation tax credit	Up to 25% of qualified expenditures (30% for workforce housing); up to $500,000 per taxpayer a year	Yes; DCED runs a historic preservation tax credit assignment application	Active	PA DCED, Historic Preservation Tax Credit
Pennsylvania	Research and development tax credit	See DCED; buyers can offset up to 75% of a qualified liability	Yes; unused credits can be sold with DCED approval (since Act 46 of 2003)	Active	PA DOR, 2025 R&D Tax Credit Report
Pennsylvania	Keystone Innovation Zone tax credit	Up to $15 million a year program-wide; 4-year carryforward	Yes; may be sold or assigned once with DCED approval after applying to own liability	Active	PA DCED, KIZ Tax Credit Program Guidelines
South Carolina	Abandoned building revitalization credit	25% of actual rehabilitation expenses, capped at 25% of 125% of estimated expenses; income tax or local property tax credit, not both	Limited: may be transferred to a lessee or purchaser of the rehabilitated portion of the site	New rules for Notices of Intent filed on or after June 1, 2026; repeal date December 31, 2035	SC Revenue Ruling 26-1; S.C. Code §12-67-140 (Title 12, Chapter 67)
South Carolina	Textile mill revitalization credit	25% of actual rehabilitation expenses (based on 125% of estimate if exceeded)	Limited: the income tax credit can transfer to a lessee or purchaser of the site or phase	Active	SC Revenue Ruling 25-1 (Revised and Amended); S.C. Code Title 12, Chapter 65 (Textiles Communities Revitalization Act)
South Carolina	Conservation credit	25% of the value of the donated interest, up to $250 per acre; claims up to $52,500 per taxpayer per year; unlimited carryforward	Yes; unused credit can be transferred, with or without consideration, after notice to the Department of Revenue	Active	SC Revenue Procedure 08-1; S.C. Code §12-6-3515 (Title 12, Chapter 6)
South Carolina	Angel investor credit	35% of qualified investments made 2013-2025	Yes; may be sold, exchanged or otherwise transferred to any taxpayer, but each credit only once	Repealed December 31, 2025; no credits for later investments, carryforwards still usable	SCDOR, Tax Credits & Forms; S.C. Code §11-44-40 (Title 11, Chapter 44); SCDOR, Schedule TC-56 Angel Investor Credit
South Carolina	New jobs credit	Per-job amounts based on year and county; limited to 50% of liability; 15-year carryforward	Limited: unused credits continue with a successor in a merger or reorganization, or may be assigned with a transfer of all or substantially all assets of the business that earned them; no open-market sale	Active	SCDOR, Tax Credits & Forms; S.C. Code §12-6-3360 (Title 12, Chapter 6); SCDOR, Schedule TC-4 New Jobs Credit
South Carolina	Small business jobs credit	Per-job amounts based on year, county and wages; limited to 50% of liability; 15-year carryforward	Limited: unused credits continue with a successor in a merger or reorganization, or may be assigned with a transfer of all or substantially all assets of the business that earned them; no open-market sale	Active	SCDOR, Tax Credits & Forms; S.C. Code §12-6-3360 (Title 12, Chapter 6); SCDOR, Schedule TC-4SA Small Business Jobs Credit
South Carolina	Headquarters credit	20% of qualifying investments (real property cost at least $50,000); 10-year carryforward	Limited: unused credit may be assigned to a successor that acquires all or substantially all assets and keeps the headquarters facility	Active	SCDOR, Tax Credits & Forms; S.C. Code §12-6-3410 (Title 12, Chapter 6)
South Carolina	Industry Partnership Fund credit	Up to $500,000 per taxpayer (can rise to $1 million), $12 million total	Limited: unused credits may be transferred and continued by a succeeding corporation	Active	SCDOR, Tax Credits & Forms; S.C. Code §12-6-3585 (Title 12, Chapter 6); SCDOR, Schedule TC-36 Industry Partnership Fund Credit
Texas	Certified historic structures rehabilitation credit	Up to 25% of eligible rehabilitation costs and expenses	Yes; can be sold or assigned (Comptroller Form 05-179), but only usable against Texas franchise or insurance premium tax since Texas has no personal income tax	Active	Texas Comptroller, Tax Credit for Certified Rehabilitation of Certified Historic Structures; Texas Historical Commission, Tax Credit Programs FAQ
Virginia	Land preservation tax credit	40% of the land's fair market value (qualified appraisal required); claims limited to $20,000 per taxpayer per year from 2024; 10-year carryforward	Yes, for credits originating on or after January 1, 2002 (transfer fees generally apply)	Active	Virginia Tax, 2025 Schedule CR Instructions; Virginia Tax, Land Preservation Tax Credit
West Virginia	Film production tax credit	27% of qualified in-state spend; 31% if 10 or more WV residents hired full-time	Yes; transferable	Active	WV Division of Economic Development, Film Incentives; WV HB 2096 (2022), 11-13X-5
West Virginia	Historic rehabilitated buildings investment credit	25% of qualified expenditures (since 2018); 10-year carryforward	Yes; may be transferred, sold or assigned after approval from the Division of Culture and History	Active	WV Tax Division, TSD-110; W. Va. Code 11-24-23a
Wisconsin	Historic preservation tax credit	20% of qualified rehabilitation expenditures; up to $3.5 million per parcel; claimed over five years	Yes; transferable (DOR administers transfers)	Active	WEDC, Historic Preservation Tax Credit guidelines (CY26); Wisconsin DOR, Publication 123 Business Tax Incentives (Feb. 2026)
Wisconsin	Early stage seed investment credit	25% of the certified qualified investment	Yes; may be sold or transferred with prior authorization	Active	Wisconsin DOR, Publication 123 Business Tax Incentives (Feb. 2026)
Wisconsin	Film production services credit	30% of Wisconsin-resident salary and wages for the production (capped at the first $250,000 per employee, excluding the two highest-paid employees, when budgeted production spending is $1 million or more), 30% of Wisconsin production expenditures, and a credit equal to Wisconsin sales and use tax paid on production purchases; State Film Office may allocate no more than $5 million a year across both film credits and $1 million per applicant	Limited: the wage credit and the sales-and-use-tax credit are transferable; the production expenditure credit is not	Active for taxable years beginning after December 31, 2025	Wisconsin DOR, Publication 123 Business Tax Incentives (02/26); 2025 Wisconsin Act 15, s. 41.152 (state film office; $5 million a year cap)
Wisconsin	Film production company investment credit	30% of the cost of depreciable tangible personal property used exclusively in the business and of amounts spent to acquire, construct, rehabilitate, remodel or repair real property; shares the $5 million a year film credit cap ($1 million per applicant)	Yes	Active for taxable years beginning after December 31, 2025	Wisconsin DOR, Publication 123 Business Tax Incentives (02/26); 2025 Wisconsin Act 15, s. 41.152 (state film office; $5 million a year cap)

Before buying a state tax credit

Check that the state agency has certified or issued the credit, that the program allows the transfer you are offered, any per-taxpayer annual use limits (Virginia caps land preservation claims at $20,000 a year, South Carolina caps conservation credit claims at $52,500 a year), and whether the state requires notice or a transfer form. See questions to ask a tax credit broker.

Related guides

Education only; not tax, legal or investment advice. State rules change; confirm with the official source and a qualified professional.