TPT; exemption; textbook rental

Summary

The bill amends the definition of the personal‑property rental classification and lists specific rentals—such as theater films, fair‑board activities, inter‑company rentals, qualified environmental‑technology equipment, aviation training gear, tourism photos, ignition‑interlock devices, utility‑pole attachments, and billboards—that are exempt from the tax. It also changes how the tax base is calculated, allowing deductions for certain reimbursements, fuel taxes, motor‑vehicle fees and lease‑payment transfers. The changes take effect for taxable periods that start the month after the law’s general effective date.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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