The ACH credit payment method is also available. You can now file and pay your Heavy Equipment Rental Tax (HRT) and Food and Beverage Tax (FAB) using your INTIME account. Many un-established brands have entered the outdoor apparel industry, but their quality is far below that of the top brand players. More information on this tax type can be found in General Tax Information Bulletin 211. The threat of new entrants in this industry is fairly low. A complete list of dates can be found on our tax filing deadlines webpage. Tax filing deadlines for early filers is the 20th of each month or the 30th of the month for other monthly filers. The heavy equipment rental excise tax adopts the filing requirements of sales tax. Medical Equipment Rental Market Size, Share, Trends and industry analysis now available from IndustryARC.
Moreover, new entrants need licenses, insurances, distribution channels and other qualifications that are not easy to obtain when you are new to the industry (e.g. A checklist has been developed to assist you with identifying hazards and assessing the risk of injury or harm to persons, including employees and members of. Chapter 3.7 covers the analysis of the impact of COVID-19 from the perspective of the industry chain. It takes quite some upfront investments to start an airline company (e.g. In COVID-19 outbreak, Chapter 2.2 of this report provides an analysis of the impact of COVID-19 on the global economy and the Heavy Equipment Rental industry. More details on what types of equipment are subject to heavy vehicle rental tax can be found in General Tax Information Bulletin 211. The threat of new entrants in the airline industry can be considered as low to medium. The heavy equipment rental excise tax is imposed upon the rental of heavy rental equipment from a retail merchant and from a location in Indiana for a period of 365 days or less or for a rental contract with no specified due date. This type of equipment was previously subject to personal property tax, however HEA 1323 (2018) imposes this new tax type effective January 1, 2019. If your business rents heavy equipment, you’ll need to register and collect a 2.25 percent heavy equipment rental excise tax.