Ad valorem taxes; authorize heavy equipment rental businesses to collect recovery fee from renters for payment of.

An Act To Allow A Qualified Heavy Equipment Rental Business To Charge To A Renter A Recovery Fee In An Amount Not To Exceed 2% Of The Rental Charge For Each Item Of Heavy Equipment Rented In This State; To Provide That Such A Fee Shall Be Used To Pay Or As A Reimbursement For The Payment Of Any Ad Valorem Taxes Levied Or Assessed On The Qualified Rental Business's Heavy Equipment In The State; To Provide That Any Recovery Fees Collected That Exceed The Ad Valorem Taxes Levied Upon A Qualified Heavy Equipment Rental Business In Any Year May Be Held And Applied To Taxes Levied Or Assessed In Any Subsequent Year; And For Related Purposes.