Lawmakers are looking at removing sales taxes on ag equipment sales to help farmers save some money.
Mississippi State Senator Neil Whaley’s bill SB 2272 passed in the Senate on Feb. 9 by a vote of 50-1.
The legislation proposes axing the 1.5 percent sales tax rate on “retail sales of farm tractors and parts and labor used to maintain and/or repair such tractors, when made to farmers for agricultural purposes,” the bill says.
Farm implements, materials for raising poultry and livestock, agricultural lime, and logging equipment would also be exempt from the tax.