CONNECTICUT: S&U Tax: Rental Surcharge on Daily Rental of Machinery Discussed

Abstract

Policy Statement 2007(3) from the Connecticut Department of Revenue Services addresses the imposition of the Connecticut rental surcharge on the daily rental of pieces of machinery rented by rental companies along with legislation that defines "period" for purposes of the surcharge. The 1.5% rental surcharge is imposed on the total amount a rental company charges a lessee for the rental of a piece of machinery in Connecticut for a period of 30 consecutive calendar days or less.