| 1 | A bill to be entitled |
| 2 | An act relating to heavy equipment rental property; |
| 3 | creating s. 196.186, F.S.; authorizing certain rental |
| 4 | companies to collect a fee on certain heavy equipment |
| 5 | property rentals for certain purposes; providing a |
| 6 | limitation; providing a definition; providing an effective |
| 7 | date. |
| 8 |
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| 9 | Be It Enacted by the Legislature of the State of Florida: |
| 10 |
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| 11 | Section 1. Section 196.186, Florida Statutes, is created |
| 12 | to read: |
| 13 | 196.186 Heavy equipment rental property tax recovery fee.- |
| 14 | An equipment rental company that rents heavy equipment may |
| 15 | collect a property tax recovery fee on the rental of such |
| 16 | equipment. The purpose of the fee is to allow the company to |
| 17 | recover annual tangible personal property taxes imposed upon |
| 18 | such equipment and collected. The fee may not exceed the amount |
| 19 | of the tangible personal property tax imposed on such property |
| 20 | by the county in which the property is located. For purposes of |
| 21 | this section, the term "heavy equipment property" means |
| 22 | industrial or construction equipment and includes, but is not |
| 23 | limited to, equipment described under North American Industry |
| 24 | Classification System (NAICS) code 532412. |
| 25 | Section 2. This act shall take effect July 1, 2010. |