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Re: crookedneck post# 6241

Monday, 12/30/2013 2:55:09 PM

Monday, December 30, 2013 2:55:09 PM

Post# of 27076
CN---Please stop calling the NJEDA program TAX CREDITS; it is a TAX TRANSFER PROGRAM meaning the Company ( Inergetics ) who receives the TAX TRANSFER allotment ( $3,300,000 less fees) can sell the amount awarded to a profitable NJ Company.
Calling it a TAX CREDIT program makes people think no money changes hands. Nothing could be further from the truth as INERGETICS will receive about $3,050,000 in CASH , with no strings attached in January.

I do respect your DD and hard work but calling the program a TAX CREDIT PROGRAM is completely wrong.
TAX TRANSFER is what it is.

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