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Tax-exempt Leasing for
Municipalities
Municipal Bond Purchasing / Low Interest Loans / Municipal Tax-Extempt Leasing / Municipal Grants / Infrastructure Projects / General Municipal Consulting
One of the
ways a municipality can fund equipment acquisitions and infrastructure projects
is by using the IRS 103 tax-exempt leasing options.
This is different than bonds in a
couple of primary ways. One, there is no need to get a special vote or
referendum on the ballot for the voters to elect to issues bonds, for which they
guarantee and pay. Two, lease agreements are not considered as debt.
At VFD-Funding, we get the lowest
possible tax-exempt lease rates (usually less than 5%) and we only charge a
minimal fee compared to others who may promote simplicity, but charge 9.75%
interest and fees. Their process is no simpler than ours and their rates
are by no means deals.
With our low-interest loans and
tax-exempt leasing programs, we have the lowest rates and easiest terms of
anybody. Our interest rates are generally 1/2 of what others are charging,
our applications processes are easier, and we give you faster approvals.
Some of the items a municipality can
finance through tax-exempt leasing includes:
- computers,
- copiers,
- vehicles,
- fire trucks,
- ambulances,
- police cars,
- telephone systems,
- office furniture,
- administrative buildings,
- modular buildings,
- HVAC, lighting,
- police/fire stations,
- school buildings,
- site acquisitions,
- water treatment plants,
- water lines,
- sewer projects,
- streets, bridges,
- street signs,
- traffic lights,
- parking meters and
- just about any equipment or
structures needed.
Why Leasing Equipment May Be Your Best Option:
You get the apparatus or equipment you need immediately or within a few days,
after the lease agreement has been signed,
You get to acquire the apparatus or equipment now at a lower price, because with
inflation the price will only increase,
You get the apparatus or equipment quickly in an emergency situation and in many
states and municipalities this means doing so, in a state of declared emergency,
without the need to go through a lengthy bid submission or review process,
Lease purchases do not effect debt limitations, as they are not generally
counted as debt, and as we all know, debt to fund balance ratios are necessary
to maintain good bond ratings and in some cases to operate well within what the
law requires,
Tax-Exempt Leases for VFD/EMS and municipal governments are more affordable at
lower interest rates than issuing bonds, even zero coupon bonds,
Tax exempt leases don't require voter approvals, months to get to the vote, the
cost of adding the item on the ballot, and the political upheavals that
decisions to issue bonds usually causes,
Tax-Exempt leases generally don't require the need for local governments to
raise property or other taxes to meet the obligation,
Tax-Exempt Leases for VFD/EMS and municipal governments are more affordable at
lower interest rates than other forms of loans or leases,
The interest payments are exempt from federal taxation,
Tax-Exempt leases make it possible for local governments
and other nontaxable entities to benefit from tax deductions normally available
only to the private sector,
You keep your cash for other necessary equipment purchases,
The department or municipality is able to claim the depreciation on the
apparatus and/or equipment, may assist in their tax preparations to show that
they are truly non-profit,
The apparatus or equipment is titled in the name of your department or community
and the lease holder just has a simple first lien holder's position,
You completely own the apparatus and/or equipment at the end of the lease.
For more information: please visit:
Tax-exempt Lease FAQ:
We help you to review
your funding options for your municipal projects and we shop around to find you
the best possible deal available.
Please also visit:
So for more
infromation, contact us at
MuniServices@VFD-Funding.com today or fill out our
convenient on-line
feedback form, give us your wish list and tell us a little about your
community and then let's see what all we may be able to do for you.
REMEMBER, there are NO up front costs or fees required.
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