H04462024 Regular Session
Adds to existing law to provide a sales tax exemption for grain bin equipment.
SALES TAX -- Adds to existing law to provide a sales tax exemption for grain bin equipment.
IntroducedIn CommitteeFloor VoteEnacted
STATEMENT OF PURPOSE
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This legislation clarifies that machinery, including augers, dryers, or fans used within, or attached to a grain bin, are exempt from sales taxes. Historically, sales taxes have been collected on grain bin structures; but accessories that can be removed and moved to other locations without affecting the structural integrity have not. This legislation simply codifies the historical understanding of sales tax laws.
LATEST ACTION
Reported Printed and Referred to Revenue & Taxation