Heavy equipment property; authorize certain businesses to charge recovery fee on rental of.

HB 1257 allows qualified heavy equipment rental businesses in Mississippi to charge renters a recovery fee of up to 2% of the rental charge for each item. This fee must be separately listed on invoices and can only be used to pay property taxes on the rental business’s equipment, not for other expenses. The bill defines "qualified businesses" as those primarily renting heavy equipment (like construction machinery) or operating under specific industry codes. It died in committee on February 3, 2026, and does not affect renters beyond the fee structure.