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Bill > H0249


FL H0249

FL H0249
Agricultural Tax Exemptions


summary

Introduced
01/13/2015
In Committee
01/22/2015
Crossed Over
Passed
Dead
04/28/2015

Introduced Session

2015 Regular Session

Bill Summary

Redefines terms "livestock" & "agricultural production"; revises sales & use tax exemption for certain farm equipment to exempt from tax irrigation equipment, repairs of farm equipment & irrigation equipment, & certain trailers; revises sales & use tax exemption for items in agricultural use to exempt from tax stakes used to support plants during agricultural production.

AI Summary

This bill expands existing sales and use tax exemptions for agricultural producers in Florida by redefining "livestock" to include certified aquaculture species and clarifying that "agricultural production" encompasses the storage of raw products on the farm. It also exempts irrigation equipment, along with its repairs and replacement parts, from sales and use tax, and provides a partial exemption for trailers weighing 12,000 pounds or less purchased by farmers for exclusive use in agricultural production or transporting farm products. Additionally, stakes used to support plants during agricultural production are now exempt from sales and use tax.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

Died in Finance and Tax Committee (on 04/28/2015)

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