Complete Story
02/13/2024
House Bill 347
Lead Sponsors: Representative Don Jones
Status: Passed the House 89-0 (May 8, 2024)
Description: The bill allows for a presumption that certain vehicles and trailers will be primarily used in agriculture when the purchaser provides three years of filed federal farm profit and loss forms.
The bill does not create a new sales tax exemption, but rather alters the administration method of existing exemptions on farming equipment.
CCAO Position: No position (as of July 2024)