44-1799.41. Heavy equipment rental
agreements; requirements; definition


A. A person in the business of renting heavy equipment property located in this
state shall include in the rental agreement a one and one-half per cent surcharge of the
gross rental receipts for any item of heavy equipment rented by a customer. The total
amount of the surcharge that is collected by the business is for the purposes of paying
personal property tax that is levied by all taxing jurisdictions against the heavy
equipment property.


B. For the purposes of this section, "heavy equipment property" means rental
property of an industry that is described under code 532412 or 532490 of the 2002 north
American industry classification system as published by the United States census bureau.