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:
“In other words, a democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.”
—Alexis de Tocqueville (1805–1859)