What is Rental Tangible Personal Property tax?
Also known as rental tax, this tax is a privilege tax levied on the lessor for the leasing or renting of tangible personal property. Gross receipts, including any rental of tangible personal property are subject to the rental tax at the following rates: If lessee is located inside the City of Tuscaloosa: Automotive vehicles – 1/2 of 1% (.005) Lines and garments – 1% (.01) General Rate – 2% (.02) If lessee is located inside the City of Northport: Automotive vehicles – 1/2 of 1% (.005) Lines and garments – 1% (.01) General Rates – 3% (.03) Police Jurisdiction rate would be of the above listed rate for both Cities.
