Who qualifies for municipal leasing?

Does your government agency qualify?  Frequently Asked Questions About Municipal Leasing FAQ'sVirtually 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.”

QUICK TEST.  To be designated as “qualifying,” the IRS requires that a government entity be a “political subdivision” with one or more of the following: 

  1. The power to police;
  2. The authority to levy and collect taxes;
  3. The power of an eminent domain.

If your government has one or more of these three 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 and (new or renovated) firehouses.

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Do You Have Questions About Qualifying for Municipal Lease Rates?
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