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FL S1170
Bill
AI Summary
- Authorizes persons engaged in heavy equipment rental business to collect a tangible personal property tax recovery fee from renters.
- Fee amount must be disclosed in rental agreements and based on the rental business's estimate of pro rata annual tangible personal property taxes on the equipment.
- Fee cannot exceed the actual tangible personal property taxes imposed on the heavy equipment.
- Defines "heavy equipment" as industrial or construction equipment, including equipment classified under North American Industry Classification System (NAICS) Code 532412 as published in 2007.
- Effective date: July 1, 2010.
Legislative Description
Tangible Personal Property Taxes [WPSC]
Last Action
Died in Committee on Commerce
4/30/2010
Committee Referrals
Commerce1/20/2010
Full Bill Text
No bill text available