Tax Credits
One of the BDC's major functions is to help businesses receive tax credits. The official rule for these credits is a "but for" test: they are only to be used when the project would not go into effect without them.
The BDC mediates several types of credits:
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Famous quotes containing the word tax:
“As a Tax-Paying Citizen of the United States I am entitled to a voice in Governmental affairs.... Having paid this unlawful Tax under written Protest for forty years, I am entitled to receive from the Treasury of “Uncle Sam” the full amount of both Principal and Interest.”
—Susan Pecker Fowler (1823–1911)