Easy lease arrangements periled by Congress foes

Journal Article · Mon Mar 08 04:00:00 EST 1982 · Energy User News; (United States)

OSTI ID:5623209

Cohn, L

The safe harbor leasing provision that offers advantages to users of conservation equipment is threatened with a repeal retroactive to February 19, 1982. Lawyers are advising those who qualify to avoid the arrangements until the matter is settled because of the strong Congressional criticism. Objectors to the safe harbor provision claim it allows companies to sell tax benefits by leasing to companies with a higher tax burden at a revenue loss to the US Treasury. Supporters point out that it allows the leasing of limited use property, which true leasing discourages, and it gives the user the option of purchasing leased equipment. (DCK)

• OSTI ID: 5623209
• Journal Information: Energy User News; (United States), Journal Name: Energy User News; (United States) Vol. 7:10; ISSN EUSND
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
291000* -- Energy Planning & Policy-- Conservation
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320303 -- Energy Conservation
Consumption
& Utilization-- Industrial & Agricultural Processes-- Equipment & Processes
ENERGY CONSERVATION
FINANCIAL INCENTIVES
INDUSTRY
LEASING
TAXES