SB 2878
Ad valorem taxes; authorize heavy equipment rental businesses to collect recovery fee from renters for payment of.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
An act to allow a qualified heavy equipment rental business to charge to a renter a recovery fee IN an amount not to exceed 2% of the rental charge for each item of heavy equipment rented IN this state; To provide that such a fee shall be used to pay OR as a reimbursement for the payment of any ad valorem taxes levied OR assessed on the qualified rental business's heavy equipment IN the state; To provide that any recovery fees collected that exceed the ad valorem taxes levied upon a qualified heavy equipment rental business IN any year may be held and applied to taxes levied OR assessed IN any subsequent year; And for related purposes.
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