Heavy equipment rental excise tax. Excludes heavy rental equipment from the assessment of the personal property tax. Imposes an excise tax on the rental of heavy rental equipment (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 (units) in the same manner that property taxes are apportioned and distributed. Provides that the excise taxes distributed to the units before January 1, 2020, must be deposited in the unit's excess levy fund. Provides that after December 31, 2019, excise taxes distributed to theHeavy equipment rental excise tax. Excludes heavy rental equipment from the assessment of the personal property tax. Imposes an excise tax on the rental of heavy rental equipment (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 (units) in the same manner that property taxes are apportioned and distributed. Provides that the excise taxes distributed to the units before January 1, 2020, must be deposited in the unit's excess levy fund. Provides that after December 31, 2019, excise taxes distributed to theunits must be allocated among the unit's funds in the same proportion that the unit's property tax collections are allocated among those funds.... View more
H01/30/2018
Representatives Heine, Klinker, Porter added as coauthors
H01/29/2018
Second reading: ordered engrossed
H01/22/2018
Committee report: do pass, adopted
H01/16/2018
First reading: referred to Committee on Ways and Means
H01/16/2018
Authored by Representative Huston
The document is not available in the context of this page. It might be accessible at the following URL: URL
Internet Explorer Support
Some features of the document viewer are not currently functional in Internet Explorer. You may experience difficulty with text selection and copy/paste.
To resolve this issue, you can download this document by selecting Download PDF from the More menu. We are currently working on a resolution to these issues.
