us-ok/stat
Okla. Stat. tit. 68, § 2807.11
Heavy equipment rental — Recovery fee
# A.
Except as provided in subsection B of this section, a company primarily in the business of renting heavy equipment property located in this state may include as a separate line item on the rental invoice a recovery fee of one and twenty-five hundredths percent (1.25%) on the rental charge from any item of heavy equipment property rental by a customer. The total amount of the recovery fee shall be retained by the business for the purposes of paying personal property taxes levied by all taxing jurisdictions against the heavy equipment property located in the state.
# B.
Notwithstanding the provisions of subsection A of this section, the recovery fee provided in this section shall not apply to the rental of heavy equipment property to the federal government, any federally recognized Indian tribe, this state, or any municipality or county of this state.
# C.
The recovery fee shall not be subject to state or local sales tax.
Amendment history
Added by Laws 2024, c. 363, § 2, eff. Nov. 1, 2024.
Source: view the official text
Nearby sections (25 sections)
- 2706 · Provisions as cumulative
- 2801 · Short title
- 2802 · Definitions
- 2802.1 · Implementation of Oklahoma Constitution Article X, Section 8B…
- 2802.2 · Date of delivery or payment
- 2803 · Classification of property - Valuation of classes - Uniformity…
- 2804 · Property subject to tax
- 2805 · Fees or taxes to be levied in lieu of ad valorem tax
- 2806 · Real property defined
- 2807 · Personal property defined
- 2807.1 · Livestock employed in support of family - Defined
- 2807.10 · Definitions
- 2807.11 · Heavy equipment rental — Recovery fee
- 2807.12 · Recovery fee — Annual report to Tax Commission
- 2808 · Definitions - Certain property to be assessed by State Board of…
- 2809 · Farm tractors - Subject of tax - Definition - Designation
- 2810 · Repealed by Laws 1997, c. 294, § 30, eff. July 1, 1997
- 2811 · Manufactured homes not registered or assessed for ad valorem…
- 2812 · Manufactured homes - Locus of listing and assessment -…
- 2813 · Manufactured homes - Listing, assessment and payment of tax
- 2814 · Office of county assessor - Creation - Filling
- 2815 · County assessor - Oath
- 2815.1 · Removal of elected officials from office – Exhaustion of…
- 2815.2 · Current boundary descriptions – Maintenance and use by county…
- 2816 · Officers and personnel - Educational accreditation