Short Term Rental Tax on Tangible Personal Property

This category of short-term rental tax applies to local businesses engaged primarily in the short-term rental of tangible personal property items such as tents,chairs,cranes or other equipment. If a minimum of 80% of gross rental receipts is for a period of 92 days or less, the business must be registered with the commissioner's office and must collect and remit a 1% tax on all short term rentals. Merchants meeting the criteria must collect a tax on all daily rentals in lieu of personal property taxation on rental property.