Section 6-6-15-3 - Imposition of the heavy equipment rental excise tax; rate of tax; collection(a) An excise tax, known as the heavy equipment rental excise tax, is imposed upon the rental of heavy rental equipment from a retail merchant in Indiana and received from the retail merchant in Indiana. Equipment rented from a location outside Indiana is exempt from the excise tax.(b) The heavy equipment rental excise tax imposed under this chapter is two and twenty-five hundredths percent (2.25%) of the gross retail income received by the retail merchant for the rental.(c) A retail merchant subject to the heavy equipment rental excise tax is required to collect and remit the excise tax on all rentals of tangible personal property.Amended by P.L. 156-2020,SEC. 28, eff. 7/1/2020.Amended by P.L. 234-2019,SEC. 26, eff. 7/1/2019.Added by P.L. 188-2018,SEC. 3, eff. 1/1/2019.