State Tax Credit Auction Services

The Vendor is required to provide agency will sell up to $500,000,000 in tax credits over the course of no more than six years through competitive auctions, beginning in 2025. No more than $100,000,000 in tax credits will be sold annually, and tax credits will be sold for no less than 80 percent of the face value of the tax credit amount.
- The funds from the auction, minus five percent of the proceeds to reimburse agency for administrative and operational costs, will be deposited into the State Tax Credit Subsidy (STCS) Program Fund.
- The distribution and administration of these funds, once deposited, are covered by the STCS Program Fund guidelines.
- If less than the maximum allowable tax credits are sold in the first auction of a given year, agency may, at its discretion, conduct subsequent auctions in that year, provided it does not exceed the $100,000,000 annual tax credit sale maximum.
- The Agency will only consider a bid if the face value of the bid totals at least $250,000 and if the price per credit is not less than $.80. The Agency reserves the right to set a minimum bid threshold above $.80 per-credit.
- The second ranking factor is the total bid amount, sorted from highest to lowest total bid amount.