Go to Other Versions of The
Utah Code
2025 Utah Code
Title 59 - Revenue and Taxation
Chapter 2 - Property Tax Act
Part 20 - Recovery Fee for Rental of Heavy Equipment
Section 2001 - Definitions.
Universal Citation:
UT Code § 59-2-2001 (2025)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
Effective 1/1/2026
59-2-2001. Definitions.
As used in this part:
Enacted by Chapter 432, 2025 General Session
59-2-2001. Definitions.
As used in this part:
- (1)
- (a)"Heavy equipment" means tangible personal property that:
- (i)is owned by a qualified rental business for purposes of renting;
- (ii)is utilized or designed for construction, earthmoving, or industrial operations; and
- (iii)is portable and transferable to the location in which the heavy equipment is used.
- (b)"Heavy equipment" includes:
- (i)lift equipment;
- (ii)material handling equipment;
- (iii)cranes;
- (iv)pumps;
- (v)generators;
- (vi)compressors;
- (vii)portable power equipment;
- (viii)heating, ventilation, and air conditioning equipment;
- (ix)portable worksite offices and containers;
- (x)tank trailers; and
- (xi)self-propelled equipment.
- (a)"Heavy equipment" means tangible personal property that:
- (2)"Multicounty Appraisal Trust" means the same as that term is defined in Section 59-2-1601.
- (3)"Qualified rental business" means a business entity located in this state:
- (a)that is classified within one of the following NAICS codes of the 2022 North American Industry Classification System of the federal Executive Office of the President, Office of Management and Budget:
- (i)NAICS Code 532310, General Rental Centers; or
- (ii)NAICS Code 532412, Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing; and
- (b)for which 51% or more of the business entity's total annual revenue is derived from the rental of heavy equipment.
- (a)that is classified within one of the following NAICS codes of the 2022 North American Industry Classification System of the federal Executive Office of the President, Office of Management and Budget:
- (4)"Recovery fee" means the fee authorized in Subsection 59-2-2002(1).
- (5)"Rental" means the same as the terms "lease" or "rental" are defined in Section 59-12-102.
- (6)
- (a)"Rental charge" means the amount charged to a renter by a qualified rental business for the rental of heavy equipment.
- (b)"Rental charge" does not include any additional charges separate from the actual cost of the rental transaction, including costs required for delivery, insurance, or a waiver of liability.
- (7)"Renter" means the person to which a qualified rental business rents heavy equipment.
Enacted by Chapter 432, 2025 General Session
Disclaimer: These codes may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
