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Senate committee amends and approves work‑session motion on SB 196 to limit heavy equipment recovery fee language
Summary
The committee held a work session on Senate Bill 196, which would allow heavy‑equipment rental companies to charge a recovery fee up to 2% to offset property tax on equipment. The committee adopted sponsor and staff amendments and passed an amend‑and‑do‑pass motion by voice vote.
The Nevada Senate Committee on Revenue and Economic Development conducted a work session on Senate Bill 196, which would permit heavy equipment rental companies to add a recovery fee to offset personal property taxes on rented heavy equipment.
Christian Tower of the Fiscal Analysis Division summarized the bill and two proposed amendments. The sponsor's amendment removed several sections and changed the recovery fee from a mandatory 2% to a cap of up to 2%, retained reporting requirements and removed remittance language for excess collections in several subsections. A second technical amendment clarified that the term "rental charge" does not include separately stated charges provided to recover property taxes.
After staff explanation, Senator Stone moved to amend and do pass the bill; Senator Cruz Crawford seconded the motion. The committee voted by voice and the chair announced the motion carried. The work session record identifies the motion as "amend and do pass" and assigns the floor statement to Senator Cannizzaro.
The committee's adopted amendments narrowed remittance provisions and limited the bill language so the recovery fee is optional and not necessarily equal to 2% but capped at 2%, and preserved reporting requirements.
Provenance: The committee took the work session on SB 196 later in the agenda, considered sponsor and fiscal staff amendments, and approved an amend‑and‑do‑pass motion by voice vote.
