Adams Construction Equipment Co. v. Hausman

FRANK D. UPCHURCH, Jr., Judge.

By this appeal, Adams Construction Equipment Company questions the assessment of ad valorem taxes on certain items of heavy equipment for the year 1982. Adams contends that the equipment was “inventory” as defined in section 192.-001(1 l)(c), Florida Statutes (1983), and, as such, was exempt from taxation as tangible personal property pursuant to section 196.-185, Florida Statutes (1983).

Adams is engaged in the sale and lease of heavy duty construction equipment throughout the state. Involved in the litigation below were four pieces of equipment. Their value for…