Section 31202.
Cal. Revenue and Taxation Code - RTC § 31202.
in effectFor 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: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026