Equipment Leasing and Finance Association - Equiping Business for Success

Tax Reform

Resources regarding the impact of recent tax reform legislation (HR 1) on the equipment finance industry.
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EL&F Articles

  • ELFA Submits Comments to the Treasury Department on Proposed Regulations on 100% Expensing

    ELFA’s comments focused on several areas: (1) Requesting a change in the regulations’ proposed treatment of sale-leasebacks when a lessee exercises an end-of-lease purchase option, (2) Requesting guidance on how bonus depreciation is treated when leasing to several types of businesses that are prohibited from utilizing bonus depreciation, and (3) The Treasury request for input regarding a safe harbor.

  • The Effect of Tax Law Changes On Leasing

    As the end of 2017, Congress passed the Tax Cuts and Jobs Act, which introduced many changes that will affect the equipment finance industry, including many that may create new opportunities for tax-oriented financing transactions.

Additional Articles

 
Other News

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.
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Articles