Virtually any state, county, city & municipal entity qualifies for Police & Sheriff’s municipal leasing under IRS Section 103. This , includes Public Safety, Fire, Rescue, EMS, Water, Port & Parking Authorities and a variety of “special districts” and authorities.
To be designated as “qualifying,” the IRS requires that an entity have one or more of the following legal authorities:
- The power to police, and/or
- The authority to levy and collect taxes, and/or
- The legal prerogative of eminent domain
If your entity has one or more of these three legal powers, you’re good to go with municipal financing.
Questions? 800-541-0114 Click To Call!