Parking concessions: Concessionaire US Federal income tax considerations -- Ernst & Young

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Description:

Recent events have left many states and municipalities with falling tax receipts and ballooning deficits. As a result, many public sector entities (PSEs) are seeking alternative solutions to their fiscal problems. Some PSEs have identified public-private partnership (PPP) projects as a potential (partial) solution. In a PPP project, a PSE grants a concession to a private sector entity (Concessionaire) with respect to some or all of the design, construction, financing, operation and/or maintenance of a project.

Keywords:

Concessionaire, Tax, PPP, Public-Private Partnership, Parking, Assets