What do you mean by tax-exempt financing, our organization is already tax-exempt?

By tax-exempt, we mean the interest earnings on the financing are exempt from federal income tax per Section 103 of the Internal Revenue Code. Because we do not pay income tax on the interest earned, the savings are passed on to the lessee in the form of lower interest rates. In contrast, a 'tax certificate' or 'sales tax exemption certificate' received by many nonprofit entities refers to a 'sales tax exemption' and/or exemption from paying federal income tax, not the ability to finance equipment tax-exempt.

More Questions?

(888) 777-7850

info@clpusa.net


Get a Quote Within
One Business Day

Request a Quote
 

Get a Quote Within One Business Day

Request a Quote
   
 
 

From our customers

 

"We did not have funds to replace equipment. Community Leasing Partners provided a way to lease equipment with a manageable annual payment."

Cathy Bissonette
Clerk/Treasurer for City of Babbitt

 
Fair Housing And Equal Opportunity(888) 777-7850info@clpusa.net
 
Mobile Site >