Association of Equipment Lessors founded to allow industry members to network and share best practices.
Kennedy Administration proposes Investment Tax Credit to stimulate investment. In its first major advocacy effort, association advocates to make lessors eligible for the credit.
Board of Directors votes to accept banks as members, following a decision by the Comptroller of the Currency to allow banks to begin leasing.
Association publishes first Survey of Equipment Finance Activity.
Association's first headquarters office and staff established in Arlington, Va. Previously, the association was managed by an association management company in Milwaukee, Wisc.
Association's political action committee, LeasePAC, founded.
Safe harbor leasing repealed as part of the Tax Equity and Fiscal Responsibility Act.
Pickle depreciation limits for leasing to tax-exempt entities enacted.
First Principles of Leasing Workshop.
Securitization of equipment leases begins.
Investment Tax Credit repealed in Tax Reform Act of 1986.
First annual Equipment Management Conference.
Association launches Funding Exhibition to bring funders and lessors together.
Association changes name to Equipment Leasing Association of America.
State Government Relations commences with direct lobbying in state capitals.
Extended California Manufacturer's Investment Credit (MIC) to leasing.
Legislation enacted facilitating securitization of leases to small businesses.
Association website launches.
Association holds first web seminar, titled "ELA Secures Victory in New York Security Deposit Law."
Association launches the Performance Indicator Report (PIR). The report becomes the Monthly Leasing Index (MLI) in 2005 and the Monthly Leasing and Finance Index (MLFI-25) in 2006.
ELFA list serves launched, providing real time networking for industry.
Lease definition and sourcing rule negotiated for the Streamlined Sales Tax Agreement between state governments.
ELFA State Tax Manual goes online, providing the industry with continuous updates.
Major bankruptcy reform legislation enacted including favorable change in "ordinary course of business" rule for equipment leasing.
Graves Amendment enacted, which insulates lessors of motor vehicles from state laws that impose vicarious liability on the owner for negligent acts of the operator.
Association changes name to Equipment Leasing and Finance Association.
ELFA relocates headquarters from Arlington, Va., to Washington, D.C.
Congress in the American Recovery and Reinvestment Act provides favorable rules for lease financing of renewable energy projects.
The Term Asset-Backed Securities Loan Facility (TALF) financial stability program expanded to include equipment leases and loans as an eligible asset class.
ELFA holds 50th Annual Convention in San Antonio, Texas.
ELFA launches Equipment Finance Advantage educational website for end users
ELFA Emerging Talent Advisory Council (ETAC) established
Equipment Leasing & Finance Foundation celebrates 25th anniversary.
Launched ELFA Events mobile app.
Financial Accounting Standards Board releases new lease accounting standard (ASC 842).
ELFA Women's Council established.
Launched Interactive SEFA Dashboard and MySEFA personalized data tool allowing members to drill down into industry statistics.
ELFA Equality Steering Committee launched.
ELFA hosts first-ever virtual conference, ELFA 2020 Business LIVE! due to COVID-19 pandemic.
ELFA Engage mobile app launched.
ELFA celebrates 60th anniversary.