California Revenue & Taxation Code
Cal. Rev. & Tax. Code § 31202
Official textleginfo.legislature.ca.govlast amended
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.
Source: view the official text