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MS HB4060

Bill

Official Source

Status

Passed

4/6/2026

Primary Sponsor

Bill Pigott

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Retail sales of lime used for agricultural purposes become fully exempt from Mississippi sales tax
  • Retail sales of gates and fencing materials for livestock containment to commercial farmers will be taxed at 1.5% instead of the standard 7% rate
  • The reduced 1.5% tax rate for fencing materials applies only to commercial farmers purchasing for agricultural purposes
  • Changes take effect July 1, 2026
  • Existing tax claims, assessments, or appeals filed before the effective date remain subject to prior sales tax laws

Legislative Description

Sales tax; exempt sales of lime for agricultural purposes, reduce rate on retail sales of fencing materials for containment of livestock.

Last Action

Approved by Governor

4/6/2026

Committee Referrals

Finance3/4/2026
Ways and Means2/23/2026

Full Bill Text

No bill text available