Boyd Gaming Buys Renewable Energy Tax Credits to Reduce 2025 Federal Income Tax

MT Newswires Live2025-12-30

Boyd Gaming (BYD) said Monday that it initiated purchase agreements in December 2024 to acquire renewable energy investment tax credits at a lower price to decrease its 2025 federal income tax, as per a company statement.

Boyd made a deal to buy tax credits from renewable energy and storage project developers, in line with the Internal Revenue Code. The aggregate purchase amount will be capped at roughly $465 million.

As per the purchase agreements, Boyd gets compensation for losses if tax credits are considered invalid or not properly transferred.

The purchase agreements come with the usual stipulations, and both parties hold some termination rights, including if the transfer of tax credits with the IRS is not finalized by Sep. 15, 2026.

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