FL H0073

Authorizes short-term lessors of heavy equipment to collect a 2 percent recovery fee on total rental transaction fees in each county to offset tangible personal property taxes.

Defines "short-term lessor" as entities deriving at least 80 percent of revenue from short-term rental agreements (less than 92 days) or 60 percent from rental agreements with terms under 270 days.

Restricts recovery fee collection to rental agreements under 270 days that disclose the amount and purpose of the fee, and requires payment of the previous year's tangible personal property tax first.

Prohibits additional recovery fee recoupment in the current year if collected fees exceed the previous year's tangible personal property tax paid.

Requires reduction of recovery fee recoupment for the following year by any amount that exceeded the previous year's tax payment, effective July 1, 2015.