HOUSE BILL 446
Grain bin equipment, tax exemption
SALES TAX – Adds to existing law to provide a sales tax exemption for grain bin equipment.
RS31077 / H0446
This legislation clarifies that machinery, including augers, dryers, or fans used within, or attached to a grain bin, are exempt from sales taxes. Historically, sales taxes have been collected on grain bin structures; but accessories that can be removed and moved to other locations without affecting the structural integrity have not. This legislation simply codifies the historical understanding of sales tax laws.
This legislation will have no fiscal impact to local or state budgets. Taxes are not currently being collected on grain bin fans, auger and dryers and this legislation only clarifies past practices and does not create a new exemption.
| Date | Description |
|---|---|
| 01/30 | Introduced, read first time, referred to JRA for Printing |
| 01/31 | Reported Printed and Referred to Revenue & Taxation |