Corporations Seek Tax-Credit Cash-Out in Next Coronavirus Relief Plan

July 20, 2020

Published by: Richard Rubin

WASHINGTON—Many large U.S. corporations are sitting on piles of tax credits they may not be able to use for years. They want Congress to let them have the money now.

Duke Energy Corp. DUK +1.03% , Ford Motor Co. F +1.48% , Occidental Petroleum Corp. OXY +2.18% and others could benefit if Congress includes a tax credit cash-out proposal in its next economic-relief legislation. Such a move, which is among ideas being considered by lawmakers and the Trump administration, could improve corporate cash flow by tens of billions of dollars.

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