Bill
Bill > HB4060
MS HB4060
MS HB4060Sales tax; exempt sales of lime for agricultural purposes, reduce rate on retail sales of fencing materials for containment of livestock.
summary
Introduced
02/23/2026
02/23/2026
In Committee
03/04/2026
03/04/2026
Crossed Over
02/25/2026
02/25/2026
Passed
03/31/2026
03/31/2026
Dead
Introduced Session
Potential new amendment
2026 Regular Session
Bill Summary
An Act To Amend Section 27-65-103, Mississippi Code Of 1972, To Exempt From Sales Taxation Retail Sales Of Lime Used For Agricultural Purposes; To Amend Section 27-65-17, Mississippi Code Of 1972, To Provide That Retail Sales Of Fencing Materials For The Containment Of Livestock Shall Be Taxed At The Rate Of 1.5% When Made To Commercial Farmers; And For Related Purposes.
AI Summary
This bill exempts from sales tax any lime purchased for agricultural purposes, meaning farmers will no longer pay sales tax on this soil amendment. Additionally, it reduces the sales tax rate on retail sales of fencing materials specifically for containing livestock to 1.5%, but this reduced rate only applies when these materials are purchased by commercial farmers. These changes aim to provide financial relief and support to agricultural operations in Mississippi.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Due From Governor 04/07/26 (on 04/01/2026)
Official Document
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