Meeting Archive:
The Effects of Tax Reform on the Equipment Leasing and Finance Industry

Meeting Description:

On December 22, 2017, President Trump signed H.R.1, a law that makes the most sweeping tax code changes in decades.  One thing is clear, the new law does not impact our entire industry in the same manner. The effects of these changes will depend on everything from your corporate structure to whether your business is predominantly leasing or financing to the industries of your customers.  Details of this bill are available in the December 22nd Washington Report.


Join a panel of industry experts as they discuss the impacts of the bill on the equipment leasing and finance industry.  Topics that will be covered include:

  • Corporate rate reduction
  • 100% expensing of new and used equipment
  • Interest deductibility
  • Fiscal year issues
  • Accounting Issues (GAAP & tax conformity)
  • LKEs
  • 179 Expansion
  • Tax indemnification clauses
  • Energy tax credits
  • Deferred tax assets
  • Taxation of pass throughs
Panelists include:
  • Andy Fishburn, Vice President-Federal Government Relations, ELFA
  • Joseph Sebik, Chair, ELFA Federal Tax Committee
  • David Burton, Partner, Mayer Brown LLP
  • John Marshall, SVP, U.S. Bank Equipment Finance
There is no cost to attend. For questions regarding the web seminar or registration, please contact Alexa Carnibella at  
Date: Tue, Jan 23, 2018
Time: 02:00 PM EST
Duration: 1 hour 30 minutes
Host(s): Equipment Leasing and Finance Association
 Presenter Information
Joseph P. Sebik
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Joe Sebik has over 30-years of experience in the equipment leasing and finance industry including experience in accounting, financial reporting, transaction structuring and taxation. He has been a member of the ELFA’s Financial Accounting Committee for over 20-years where he has actively assisted the committee in many ways, including regularly presenting at the ELFA Accounting Conferences and writing numerous articles for the Equipment Leasing & Finance magazine. Joe is also the Chairman of the Federal Tax Committee of the ELFA and has introduced two recurring tax-oriented training sessions into the Accounting Conference.    
Joe holds a Bachelors degree in Accounting from Queens College of the City University of NY and is also a Certified Public Accountant licensed in New York State.   

David K. Burton
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David K. Burton is a partner in Mayer Brown's New York office and a member of the Tax Transactions & Consulting practice. He leads Mayer Brown's Renewable Energy group in New York. He advises clients on a wide range of US tax matters, with a particular emphasis on project finance and energy transactions. In addition, he also advises clients on tax matters regarding the formation and structuring of domestic and offshore investment funds.

David has extensive experience structuring tax-efficient transactions, such as sale-leasebacks, flip partnerships, pass-through leases and other structures, for the acquisition and financing of renewable energy assets.

David received his BA magna cum laude from Ithaca College in 1993 and his JD cum laude from the Georgetown University Law Center in 1996, where he was on the staff of The Tax Lawyer.

Andy Fishburn
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Andy Fishburn is ELFA's Vice President of Federal Government Relations. Andy joined ELFA in September 2012. He directs and operates all aspects of the association’s federal relations strategy and the engagement of members in political programs.


Andy has focused on legislative, financial and tax policy matters throughout his career within the Department of Treasury and U.S. Congress. He served in legislative affairs positions and as senior advisor to four Secretaries of the Treasury, including as a Deputy Assistant Secretary under Secretaries John Snow and Henry Paulson. During 2010/2011, he served on the staff of the U.S. Senate Committee on Finance and worked for Sen. Max Baucus (D-Mont.) on tax policies such as bank taxation, tax administration, oversight of the IRS, tax extenders and small business tax issues. Most recently, he was the Director of Legislative and Intergovernmental Affairs at the U.S. Mint, acting as the Bureau’s lead legislative strategist and congressional liaison.

John Marshall
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John Marshall is Senior Vice President & Director of Tax for U.S. Bank Equipment Finance, a division of U.S. Bank National Association. He oversees USBEF’s sales & use tax and personal property tax departments, as well as its Section 1031 Like-Kind Exchange program. He also advises the business on issues such as LKE, Bonus Depreciation and the impact of Section 179 on USBEF clients. He is an MBA and a licensed CPA, and is located at USBEF’s operations center in Marshall, Minnesota.


John has been active in professional accounting, finance, tax and audit roles for the past 31+ years. Over his career he has worked in various domestic and overseas positions with U.S. Bank, Cargill, The Schwan Food Company and a venture-capital owned manufacturing firm. He first became involved in the equipment finance business in 1999, when he was named Chief Financial Officer of Lyon Financial Services, the small-ticket leasing subsidiary of Schwan’s that was acquired in 2000 by U.S. Bank.