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Introduction

SECTION 4. DEFINITIONS

Internal Revenue Bulletin 2002-21 · 2026-10-03 edition · updated 2026-10-04 · United States

.01 CCR Payment . A CCR payment is any payment made at the inception of a motor vehicle lease by the lessee to the dealer from which the vehicle is leased that has the effect of reducing the total amount of rent the lessee will pay after inception of the lease. A CCR payment may consist of a cash down payment, the trade-in value of a lessee’s used vehicle, a rebate or incentive supplied by the manufacturer to the lessee, credits earned under a credit card reward program, or the first or last monthly rental payment. A CCR payment does not include refundable security deposits; extended service plan fees; insurance premiums; title, registration, or license fees; sales, lease, excise, use, or ad valorem taxes paid in advance

2002–21 I.R.B. 993 May 28, 2002

or collected by the dealer; or administrative fees; made by a lessee in connection with a motor vehicle lease.

.02 Taxpayer . A “taxpayer” for purposes of this revenue procedure is a purchaser of a motor vehicle that is subject to a lease in connection with which a lessee has made a CCR payment to the dealer from which the lessee originally leased the vehicle.

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▸Contents — Internal Revenue Bulletin 2002-21
Internal Revenue Bulletin 2002-21

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