ELFA - Equipment Leasing and Finance Association - Equipping Business for Success

Tax Reform

Resources regarding the impact of tax reform legislation on the equipment finance industry.
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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.

Washington Report
Read ELFA's Washington Report for an update on tax reform.