Mississippi HB1523 establishes a grant program for farmers to purchase new farm equipment.
Mississippi HB1523 creates a grant program administered by the Department of Finance and Administration to assist farmers with purchasing new farm tractors, parts, labor for maintenance or repair, and new farm implements. The program uses funds from the Farm Equipment Grant Fund, which receives sales tax revenue from farm equipment purchases. The bill outlines an application process for farmers seeking grants, including required documentation. Grant funds can only be used for the specified farm equipment purchases within Mississippi.
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