1997 Taxpayers Relief Act passes; includes provision defining RTO as a lease for tax purposes. The law also declares 3-Year MACRs depreciation method for rent-to-own products.
Your membership helps guarantee your right to do business. Since 1993, there have been seven federal bills that would cripple the national rent-to-own industry pre-empting every state RTO law that protects the right for rent-to-own dealers to conduct business... Read More