Bill > HF978

This bill amends Minnesota's sales and use tax laws to expand tax exemptions for agricultural equipment and supplies. Specifically, the bill removes grain bins from the list of farm supplies not considered farm machinery and separately adds grain bins and tractor tires as new categories of tax-exempt agricultural equipment. The bill defines a "grain bin" as a fixed structure used to store grains that helps maintain proper temperature and humidity levels to prevent spoilage and protect against infestation. The tax exemptions for grain bins and tractor tires will apply to sales and purchases made after June 30, 2025, providing farmers with financial relief by eliminating sales tax on these important agricultural infrastructure and equipment items. By expanding the types of equipment that can be purchased without sales tax, the bill aims to support Minnesota's agricultural sector by reducing the cost of essential farming equipment and storage solutions.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0978&ssn=0&y=2025