HLS 14RS-925 ORIGINAL Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Regular Session, 2014 HOUSE BILL NO. 429 BY REPRESENTATIVE BROADWATER FEES/LICENSES/PERMITS: Authorizes the collection of a handling fee for the rental of heavy equipment AN ACT1 To enact R.S. 9:3317.1, relative to the authorization of a handling fee for heavy equipment2 rentals; to permit heavy equipment rental companies to include a handling fee in all3 rental agreements entered into in the state; to provide for definitions; and to provide4 for related matters.5 Be it enacted by the Legislature of Louisiana:6 Section 1. R.S. 9:3317.1 is hereby enacted to read as follows: 7 ยง3317.1. Heavy equipment; handling fee8 A.(1) Except as provided in Paragraph (2) of this Subsection, a person in the9 business of renting heavy equipment property located in this state may include in the10 rental agreement or invoice up to a two percent handling fee on the gross rental11 receipts from any item of heavy equipment rented by a customer. The inclusion of12 this fee in a rental agreement shall be clearly stated.13 (2) The total amount of the handling fee shall be retained by the person in14 the business of renting heavy equipment for the purpose of paying personal property15 taxes levied by all taxing jurisdictions against the heavy equipment property.16 B. The handling fee provided for in this Section shall not apply to the renting17 of heavy equipment to the state of Louisiana, a municipality, parish, or political18 subdivision of the state.19 HLS 14RS-925 ORIGINAL HB NO. 429 Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. C. For purposes of this Section, "heavy equipment" includes all self-1 propelled, self-powered, trench-shoring, industrial, or towable equipment, including2 farm equipment, that is intended to be used for agricultural, construction, industrial,3 mining, or forestry uses. Heavy equipment property also includes equipment of an4 industry that is described under Industry Code 532412 of the 2002 North American5 Industry Classification System as published by the Bureau of the Census.6 DIGEST The digest printed below was prepared by House Legislative Services. It constitutes no part of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)] Broadwater HB No. 429 Abstract: Authorizes a person in the business of renting heavy equipment property within the state to include in the rental agreement up to a two percent handling fee on the gross rental receipts from any item of heavy equipment rented by a customer. Proposed law provides that a person in the business of renting heavy equipment property may include in the rental agreement up to a 2% handling fee on the gross rental receipts from any item of heavy equipment rented by a customer. Proposed law provides that the inclusion of this fee in a rental agreement shall be clearly stated. Proposed law provides that the total amount of the handling fee shall be retained by the person in the business of renting heavy equipment for the purpose of paying personal property taxes levied by all taxing jurisdictions against the heavy equipment property. Proposed law provides that the handling fee provided for proposed law shall not apply to the renting of heavy equipment to the state of Louisiana, a municipality, parish, or political subdivision of the state. Proposed law defines "heavy equipment" for purposes of proposed law to mean all self- propelled, self-powered, trench shoring, industrial, or towable equipment, including farm equipment, that is intended to be used for agricultural, construction, industrial, mining, or forestry uses and equipment of an industry that is described under Industry Code 532412 of the 2002 North American Industry Classification System as published by the Bureau of the Census. (Adds R.S. 9:3317.1)