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MS HB637
Bill
Status
Failed
2/26/2025
Primary Sponsor
Bill Pigott
Click for details
AI Summary
- Amends Mississippi Code Section 27-65-17 to reduce the sales tax rate from 7% to 1.5% on retail sales of fencing materials and cattle trailers to farmers for agricultural purposes
- Extends the 1.5% reduced tax rate to include parts and labor used to maintain and/or repair cattle trailers, aligning with existing provisions for farm tractors
- Maintains existing 1.5% tax rates for farm implements, manufacturing machinery, and other agricultural equipment used for production purposes
- Takes effect July 1, 2025
Legislative Description
Sales tax; reduce rate to 1.5% for retail sales of fencing materials and cattle trailers to farmers for agricultural purposes.
Last Action
Died In Committee
2/26/2025
Committee Referrals
Ways and Means1/15/2025
Full Bill Text
No bill text available