MS SB2272

Converts the 1.5% reduced sales tax rate on farm tractors, farm implements, and logging equipment to a full sales tax exemption (0%) for purchases made by farmers and professional loggers

Creates a new sales tax exemption for livestock fencing materials (posts, wire, and gates) and agricultural lime when purchased by commercial farmers for agricultural purposes

Requires the Department of Revenue to establish an application process for commercial farmer permits, which must be presented at the time of purchase to qualify for the fencing and lime exemptions

Professional loggers must hold a permit from the Department of Revenue and provide documentation of Sustainable Forestry Initiative certification to qualify for the logging equipment exemption

Effective date: July 1, 2026