Latest on “SILO” Leasing Tax Bill

 

According to Associated Press, Lawmakers agreed to prevent companies from leasing public assets like subways and trains to generate huge tax deductions. The House's version only looks forward and recoups about $20 billion; the Senate's broader crackdown covers foreign leased assets and brings in about $40 billion.

 

Still being debated and then to a join committee before being sent to the President, it looks like changes will be made and the question is what the dollar amount will be.