The Comptroller issued a letter ruling stating that lending institutions that offer loans to the public may subtract as a cost of goods sold an amount equal to the interest expense on its loans. The letter also concludes that a motor vehicle financing company qualifies as a lending institution for this policy. You can review this letter on the Comptroller’s STAR System. (STAR Document No. 200809207L, http://aixtcp.cpa.state.tx.us/opendocs/open31/200809207l.html)