IN SR0049

Urges the legislative council to assign heavy equipment rental tax reform to the appropriate committee for study and consideration

Identifies inconsistent assessment, appraisal, and taxation of heavy equipment rental fleets in Indiana as creating significant imbalances among rental companies and heavy equipment property

Notes substantial costs incurred by companies filing appeals and pursuing litigation to resolve equipment valuation disputes

Cites additional resource and time burdens placed on political subdivisions by existing heavy equipment rental tax issues