Mississippi HB4060 exempts sales of lime for agricultural purposes from sales tax and reduces the tax rate on fencing materials for livestock.
Mississippi HB4060 amends the state sales tax code to exempt retail sales of lime used for agricultural purposes from taxation. Additionally, it reduces the sales tax rate on fencing materials for the containment of livestock to 1.5% when sold to commercial farmers for agricultural purposes. These changes aim to support agricultural activities by reducing the tax burden on essential farming inputs and equipment.
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