Taxes

• Tax Services
• Income Tax
  A Municipal lease has a few variations. For example, A Municipal Lease or Lease Purchase is essentially an installment purchase contract otherwise known as a Lease-to-Own program with no residual and no end-of-lease buyout. A municipal lease is renewed annually and as such its payments constitute a current expense of the municipality thereby it does not create debt. Because the interest can be exempt from federal and state income tax, this financing offers the municipality a significant savings compared to conventional leasing.

Planning

• Financial Planning