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Bill > HB1257
MS HB1257
MS HB1257Heavy equipment property; authorize certain businesses to charge recovery fee on rental of.
summary
Introduced
01/19/2026
01/19/2026
In Committee
01/19/2026
01/19/2026
Crossed Over
Passed
Dead
02/03/2026
02/03/2026
Introduced Session
2026 Regular Session
Bill Summary
An Act To Provide That A Qualified Heavy Equipment Rental Business May Charge To A Renter A Recovery Fee In An Amount Not To Exceed Two Percent Of The Rental Charge For Each Item Of Heavy Equipment Rented In This State; To Provide That A Recovery Fee Shall Be Separately Stated On The Invoice Or Receipt For The Rental Transaction And Shall Be Enforceable By The Qualified Heavy Equipment Rental Business To The Same Extent As The Underlying Rental Charges Or Other Charges Contained On Such Invoice Or Receipt; To Provide That Recovery Fees Collected By A Qualified Heavy Equipment Rental Business Shall Be Used To Pay Or As A Reimbursement For The Payment Of Any Ad Valorem Taxes Levied Or Assessed On The Qualified Rental Business's Heavy Equipment In The State; To Define The Terms "heavy Equipment Property", "qualified Heavy Equipment Rental Business", "rent" And "rental Charge" For The Purposes Of This Act; And For Related Purposes.
AI Summary
This bill allows qualified heavy equipment rental businesses, defined as businesses whose primary activity is renting heavy equipment used for construction, earthmoving, or industrial operations, to charge renters a "recovery fee" of up to two percent of the rental charge for each piece of heavy equipment rented in the state. This fee must be clearly itemized on the invoice or receipt and is enforceable like other rental charges. The collected recovery fees are specifically intended to cover or reimburse the business for any ad valorem taxes (property taxes) levied on their heavy equipment within the state, with any excess funds being carried over to future tax years. The bill also clarifies what constitutes "heavy equipment property," "rent," and "rental charge" for the purposes of these provisions, and specifies that these collected fees are not considered trust fund money.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Died In Committee (on 02/03/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1257.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/1200-1299/HB1257IN.htm |
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