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Committee advances bill to reduce agricultural sales tax, citing $18–$20 million fiscal note
Summary
Senate Bill 2272, proposed to eliminate the 1.5% agricultural sales tax for qualifying farmers and loggers, passed committee by voice vote; the fiscal note estimates an $18–$20 million reduction in annual receipts with about $1.8 million currently diverted to municipalities.
Senate Bill 2272, introduced by Senator Whaley, would reduce the existing 1.5% agricultural sales tax toward 0% for qualifying farm and forestry purchases. The committee considered the bill and approved it by voice vote.
Senator Whaley described the intended beneficiaries—professional farmers, loggers and certain agricultural inputs including tractors, parts, implements and…
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