Which Government Entities Qualify for Municipal Leasing?
Virtually any state, county, city & municipal entity qualifies for municipal leasing under IRS Section 103. This , includes Public Works, Public Safety, Fire, Rescue, EMS, Water, Public Schools, Ports & Parking Authorities and a variety of “special districts” and authorities.
To be designated as “qualifying,” the IRS requires that a government entity have one or more of the following legal authorities:
- Does your government entity have the power to police;
- Does your government entity have the authority to levy and collect taxes; and/or
- Does your government entity have legal prerogative of eminent domain?
If your government has one or more of these 3 legal powers, you’re good to go with our municipal leasing programs.
The IRS has also carved out one special exception for Volunteer Fire Departments looking to finance fire trucks or fire houses (only). New or renovated.
Get a Municipal Leasing Quote Now
Let us prepare a quick quote now on any combination equipment & terms. We can have real numbers on your desk today–you’ll know within 60 seconds of receiving our quote if municipal leasing is the best choice for your agency! (What’s the downside of seeing a real, no obligation quote?)
And whenever you’re ready, we’ll put it all together for you in a matter of days, not weeks or months.
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Just keep reading here on Municipal-Leasing.com, or call us now!
Do You Have Questions About Qualifying for Municipal Lease Rates?
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