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)