SPONSORED: ARA Holds Annual Trade Show in New Orleans

This week, the American Rental Association (ARA) held their annual conference and trade show, The Rental Show, in New Orleans. The event showcased national and local heavy equipment businesses, their equipment, and presented several educational seminars and networking receptions.  The conference provided an opportunity to boast the importance of this industry to our state’s economic growth. Governor John Bel Edwards delivered the keynote address on Monday, welcoming over 12,000 convention attendees.  

ARA, a client of The Picard Group, is a nonprofit trade alliance for businesses that sell and rent heavy equipment, with members from across the United States. The Picard Group is actively involved with the alliance, ensuring these businesses continue to grow and have a positive impact on the state’s economic success.  “There is tremendous economic growth taking place in the state — especially in the southwest part of Louisiana where oil and gas plants and industrial structures are being built. The competitiveness of our equipment rental industry plays an important role in the success of these construction projects and ultimately our state’s economy,” stated Nick Cahanin, Director of State & Local Government at The Picard Group.

In 2017, several heavy equipment retailers, including ARA, formed The Heavy Equipment Rental Taxation (HERT) Coalition to focus on taxation policy changes of 2016 and educate decision-makers on how the businesses were disproportionately affected by the double taxation of ACT 25. As a result of the HERT Coalition’s compelling testimony and industry specific data analysis, the various task force recommendations unanimously acknowledged the industry’s tax policy disadvantage and recommended the sales tax on business inputs be repealed.

The HERT Coalition continues their work to ensure Louisiana’s tax rate for heavy equipment providers is comparable to surrounding states. Cahanin said, “Since the 2016 Law, State Officials and Legislators have been very receptive to our message, and diligent in helping put the heavy equipment rental industry back on track to be competitive once again.”

With members from over 125 offices in Louisiana, one in almost every Senate and House District, The HERT Coalition contributes upwards of $50 million in sales taxes to state and local authorities and have more than 1,500 dedicated employees supporting the construction and industrial trades in Louisiana.

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