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IN HB1244
Bill
Status
1/12/2010
Primary Sponsor
Floyd Grubb
Click for details
AI Summary
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Exempts components of farm drainage systems (drainage tubing, drainage tiles, and related control systems) from state gross retail tax when acquired by farmers engaged in agriculture.
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Exempts equipment designed specifically to install, repair, or maintain farm drainage systems from state gross retail tax when acquired by farmers or businesses in the drainage system installation, repair, or maintenance industry.
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Defines "farm drainage system" as a system of drainage tubing, drainage tiles, and related control systems designed to facilitate drainage of agricultural land.
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Becomes effective July 1, 2010.
Legislative Description
Sales tax exemption for drainage equipment.
Last Action
Referred to the Committee on Ways and Means pursuant to House Rule 127
1/26/2010