Tax Equity News

IRS Blesses TRAC Lease Securitization

Posted by David Burton

February 24, 2014

Posted in Renewable energy Blog article


This article was first published by Bloomberg BNA Daily Tax Report on February 24, 2014

In Private Letter Ruling 201404007, released Jan. 24, the Internal Revenue Service ruled favorably on a securitization structure to raise nonrecourse financing secured by cars subject to leases with a terminal rental adjustment clause (TRAC) provided for in Section 7701(h).

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