Heavy Equipment - My business qualifies to impose a heavy equipment tax. What do I need to do?

If your business meets the requirements to impose the tax and is located in the taxing jurisdiction of the City of Raleigh or the town of Apex, Cary, Garner, Knightdale, Morrisville, or Zebulon, you are required to charge a Heavy Equipment Gross Receipts Tax. Currently, these are the only jurisdictions to have implemented a heavy equipment tax. Businesses that qualify to charge the Heavy Equipment Gross Receipts Tax are not required to list the equipment on their Business Property Tax Listing form for the same period as the tax is charged; however, you are required to list other remaining taxable business property, such as furniture, fixtures, computers, etc.

If your business meets the requirements to impose the tax but is not located in one of the above-listed jurisdictions, you cannot charge the Heavy Equipment Gross Receipts Tax, but your qualified equipment will remain exempt from business personal property taxation. You are, however, required to list other remaining taxable business property, such as furniture, fixtures, computers, etc.

(Note: Wake County has not adopted a resolution to implement the Heavy Equipment Gross Receipts Tax)