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2009 SESSION

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HB 2472 Short-term rental property; definition/removes daily rental property defin. from merchants' capital.

Introduced by: Timothy D. Hugo | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Merchants' capital tax.  Deems a business with at least 60 percent of its gross rental receipts from the rental of heavy equipment property for periods of 270 consecutive days or less to be a short-term rental business.  Such business would be subject to a one percent tax on its gross receipts from the rental of short-term rental property.


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