Added by Stats. 2017, Ch. 505, Sec. 2. (AB 1130) Effective January 1, 2018.
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.
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