GroundRules
RTC § 31202
Where this section sits in the code
- Revenue and Taxation Code - RTC
- DIVISION 2. OTHER TAXES [6001. - 61050.]
- PART 13.7. Property Tax Reimbursement Law [31201. - 31203.]
For purposes of this part, all of the following definitions shall apply:
(a) “Heavy equipment property” means rental property of a qualified heavy equipment renter.
(b) “Qualified heavy equipment renter” means a renter that satisfies both of the following:
(1) The principal business of the renter is the rental of heavy equipment property.
(2) The renter is engaged in a line of business described in Code 532412 or 532310 of the North American Industry Classification System published by the United States Office of Management and Budget, 2012 edition.
Collected 2026-09-14T05:56:33Z. Source file · JSON