Revenue and Taxation Code section 31202

For purposes of this part, all of the following definitions shall apply:

(a)

“Heavy equipment property” means rental property of a qualified heavy equipment renter.

(b)

“Qualified heavy equipment renter” means a renter that satisfies both of the following:

(1)

The principal business of the renter is the rental of heavy equipment property.

(2)

The renter is engaged in a line of business described in Code 532412 or 532310 of the North American Industry Classification System published by the United States Office of Management and Budget, 2012 edition.

Source: Section 31202, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=RTC§ionNum=31202.­ (updated Jan. 1, 2018; accessed Sep. 1, 2025).

Up to date

Verified:
Sep. 1, 2025

§ 31202's source at ca​.gov