CHICAGO — A recent ruling by the Nebraska Department of Revenue effectively removes the use of lease-purchase agreements as a tool to finance municipal projects, and the impact is reverberating throughout the state.

The Nebraska property tax commissioner recently ruled that a small-town city hall project will not be exempt from property or sales taxes because the financing features a lease-purchase agreement.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.