Ad valorem taxes; authorize heavy equipment rental businesses to collect recovery fee from renters for payment of.

SB 2878 would have allowed qualified heavy equipment rental businesses in Mississippi to charge renters a recovery fee of up to 2% of the rental charge. This fee would be used solely to cover the businesses' property taxes on their equipment, with excess fees allowed to be carried forward to future tax years. The bill specifically applied to businesses primarily renting construction or industrial equipment meeting certain industry classifications. It did not exempt equipment from property taxes or create new tax breaks. The bill died in committee on February 3, 2026, and never became law.