The Impact of Tax Reform: What Equipment Leasing Companies …

manufacturer. 7 That basis would be zero if the manufacturer had claimed the expensing benefit. 3. No Expensing ... Regulated Utilities Should Lease: There is a new rule that denies expensing to property owned by regulated utilities. 8 Because the rule only applies to property “owned” by regulated utilities (as opposed to property “used” by them), a lessor that leases property to a regulated utility could claim … ................
................