Leasing taxation varies among states, often creating instances of double, and even unpredictable, taxation. Approaches include taxing the entirety of the lease payments up-front, and another approach is to tax each payment that is made over the life of the lease, while others tax the value of the property being leased.

Tax Analysts covers the tax treatment of leases across the states, like a California Court of Appeal decision that held that a series of transactions culminating in the sale of property to a long-term lessee was not a change of a ownership triggering a property tax rate reassessment. And in another state tax court decision, a judge held a motor vehicle finance company could increase its tax basis in leased vehicles in order to avoid a larger on the sale of the vehicles in a case that involved federal bonus depreciation rules enacted after 9/11.

Tax Analysts covered oral arguments before the Missouri Supreme Court on whether, among other things, the lease of an aircraft to a passenger aircraft company constituted a sale for purposes of qualifying for a resale exemption under the state's sales and use tax code. Coverage included the arguments presented by both parties, as well as judges' questions.

Tax Analysts provides coverage of legislative and administrative developments, providing expert commentary and analysis on leasing tax issues across the nation.