Next Area Meeting is February 28th in Corpus Christi

Registration coming soon! 

  Property Tax Changes for Texas Rental Companies

 

Rent heavy equipment? Then, these changes affect you

Texas law, with respect to the method of assessing and paying personal property tax on heavy equipment, has changed.

Today (Jan. 23, 2012), the office of the Texas Controller released links to the following documents:

• Updated Manual
• Declaration Form
• Tax Statement Form
• Fleet Transaction Refund Form

These documents provide a user’s manual that explains who is subject to the tax, the definition of heavy equipment and the method for determining a business’s tax rate, as well as instructions on collecting and remitting the Unit Property Tax required under the new law.

If you have any heavy equipment as defined in the user’s guide in your rental inventory, you are subject to the provisions of the new law.

If you have any questions, please call Chuck Bailey, American Rental Association/Texas Rental Association lobbyist, at 512-457-8687 for more information. 

•  Networking opportunities
  
  
• Educational sessions
  
  
• Time to meet with exhibitors
  
  
• Social events
  
  
• Grassroots legislative advocacy
  
  
  
  

Almost time to register for the TRA Roundup!

July 13 & 14

This year's event will be held in Galveston at Moody Gardens Hotel, Spa and Conference Center. Bring the family! Enjoy the fun. Schlitterbahn is right next door and TRA has lots of fun activities planned for you.