Michigan Taxes Rentals of Heavy Equipment

David Armas
April 28, 2023

4/28/2023

Michigan’s HB 4833, which recently took effect, applies a 2% tax on qualified heavy equipment by qualified renters. This new tax only applies to rentals of certain qualified heavy equipment by renters that derive more than 50% of their annual gross receipts from such rentals.

The full text of the bill can be found here.

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Author

David Armas

David Armas is a Regulatory Counsel at Sovos in the Regulatory Analysis and Design Departmentwith a focus ondomestic salesand usetaxes and related fees. David is a member of the Massachusetts Bar and holds aBachelor of Sciencein Computational Mathematicsfrom Embry-Riddle University, as well as a Juris Doctorfrom Boston College Law School.
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