A “Tax-Exempt” municipal lease is a special kind of financial instrument provided for under I.R.S. regulations (implemented many years ago). The tax exemption is not related to the sales, use, or other taxes a government may or may not pay, but rather the tax exemption benefits the financial institution or investors funding the lease.
Tax-exempt municipal leases provide a significant tax incentive to a financial institution or investor to lend to qualified government entities at the lowest interest rates. Generally, a tax-exempt lease is your government’s least expensive form of non-debt financing.
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