IN HB1351

Legislative Description

Motorized equipment vehicle rental excise tax. Excludes certain motorized equipment vehicles from the assessment of the personal property tax. Imposes an excise tax on the rental of those motorized equipment vehicles (excise tax). Provides procedures for the sourcing, collection, and distribution of the excise tax. Provides that the excise tax is apportioned and distributed to local governmental units in the same manner that property taxes are apportioned and distributed.

Last Action

Committee Referrals