These documents were created immediately following the passage of the Tax Cuts and Jobs Act of 2017. We have decided to keep these older documents on the page as a reference incase changes are made to the tax code in the coming years.
ELFA Provides Comment to the Treasury Department Regarding First year Depreciation Deduction
The Impact of Tax Reform: What Equipment Leasing Companies Need to Know
In this article by ELFA members David Burton and Anne Levin-Nussbaum, review seven key changes to expensing rules under the new law. Also, explore the impact of the repeal of like kind exchange for equipment, the net operating loss/80 percent annual limitation, and tax reform and funding structures. Read more
Tax Reform Web Seminar
Learn about the effects of tax reform on the equipment leasing and finance industry in this recording from ELFA's web seminar on January 23, 2018. View the Web Seminar
IRS Establishes Beginning-of-Construction Guidance
On June 25, 2018, the Internal Revenue Service released Notice 2018-59
, establishing beginning-of-construction guidance for the renewable energy investment tax credit (ITC) under Section 48 of the Internal Revenue Code.
Read ELFA's Washington Report
for an update on tax reform.