AL SB69

Exempts the sale or use, storage, and consumption of agricultural machinery and equipment from state sales and use tax, eliminating the existing 1.5 percent tax rate on such items.

Applies to machines, machinery, and equipment used in planting, cultivating, harvesting farm products, or production of agricultural produce, livestock, or poultry on farms, including parts, attachments, and replacements.

Exemption excludes automotive vehicles and trailers designed primarily for public highway use, except farm trailers used in production and harvesting of agricultural commodities.

Does not apply to local sales or use taxes unless previously exempted by local law or approved by resolution of the local governing body.

Becomes effective October 1, 2014, with Sections 40-23-38 and 40-23-64 repealed.