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HB 0420 - Heavy Equipment Rental Tax
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Tracking Level: Support
Sponsor: Ron Stephens (R)
Last Action: 2/25/2019 - House Second Readers
House Committee: Ways and Means
Assigned To:
Larry RamseyNext Bill
Property TaxNext Bill

Staff Analysis of the Legislation

This bill creates a new "property tax recovery fee" for short-term heavy-equipment leases. The fee is 1.5% of the total rental charges and is payable to the tax commissioner against personal property ad valorem taxes due from the equipment owner.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text

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