Accruit’s new Channel 1031 series recently spent a few minutes talking with our friend, noted finance and leasing industry expert Joe Lane, about the implications of the newly enacted NOL carryback legislation. Joe was pretty positive about the impact of the law, concluding that we have more reason for optimism than we’ve had in quite some time.
Here are a few of the highlights of the interview:
- Detailed overview of what exactly the law does
- Impact:
- $33.2B in immediate tax relief
- NOL relief = 53K+ jobs in construction
- May prevent 7,900+ business failures
- Create 230,000 jobs outside Construction sectors
- Cost/benefit analysis vs. 20-year horizon
- Industries and types of business that will benefit most significantly
- Carry-forward implications
- Like-Kind Exchanges: double-barreled benefit
- Advice for leasing enterprises
Joe’s career has been a lengthy, unbroken track record of success, and his comments here represent invaluable guidance for businesses looking to dig out from a long economic winter. If you have any comments or questions you’d like us to pass along to Joe, either use the comment box below or drop me a line at sams@accruit.com.
The total running time is around 20 minutes, and we’ve broken it up into three sections.
Note: If you don’t see the embedded videos above, click the links below:
