It is a tax paid by the consumer on the rental of heavy equipment rental property, from heavy equipment rental dealer. See Definitions.
Heavy equipment rental property is:
The heavy equipment rental property dealer will collect the tax from the consumer, and report and pay the tax to the Department of Revenue on the dealer’s excise tax return.
The rate is 1.25% of the rental price on each heavy equipment rental property rented by a consumer within the state of Washington. The heavy equipment rental tax is in addition to the retail sales tax.
50% will be deposited into the Motor Vehicle Fund per RCW 46.68.070.
50% will be deposited into the Multimodal Transportation Account per RCW 47.66.070.
“Heavy equipment rental dealer” means a person “principally” engaged in the business of renting heavy equipment rental property. “Principally” means that the dealer receives more than 50% of the dealer’s annual total revenue from the rental of heavy equipment rental property. See RCW 84.36.597.