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Municipal Leasing Companies
Municipal leasing companies should be considered by state and local
governments
for their equipment leasing needs. These leasing companies understand
the many
tax laws and government requirements, which apply to municipal leasing.
Because
of their understanding, it is best to confer with an expert in this
specific arena.
Municipal leasing companies can assist government agencies steer through
the complex
terms, which apply to municipal leases. In order to qualify, the
municipality must
have eminent domain, policing powers, or the power to levy taxes. The
laws also
require specific termination rights and tax consequences. Having
government funding
or being supported by government funding will not necessarily qualify an
organization
for a municipal lease.
State, city, and county governments are not the only ones who may
qualify for municipal
leases. State universities, qualified Indian tribes, sanitation
department, volunteer
fire departments, and school districts may qualify.
Because laws vary from state to state, when choosing a municipal leasing
company
it is wise to choose a company with experience in the same area as you.
You also
want a company, which has experience with business such as yours, so
that you will
receive the best advice available.
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