HOUSE BILL NO.         

Sales tax-farm implements.

Sponsored by:  Joint Revenue Interim Committee

A BILL

for

AN ACT relating to taxation and revenue; providing a sales and use tax exemption for farm implements and irrigation systems as specified; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.  W.S. 39-15-105(a)(viii)(H) and 39-16-105(a)(vii)(B) are amended to read:

39-15-105.  Exemptions.

(a)  The following sales or leases are exempt from the excise tax imposed by this article:

(viii)  For the purpose of exempting sales of services and tangible personal property as an economic incentive, the following are exempt:

(H)  The tax imposed by W.S. 39-15-104(b) this chapter shall not apply to farm implements or irrigation systems. For purposes of this section only, "farm implements" means any tractor or other machinery designed or adapted and used exclusively for agricultural operations of planting, tilling, harvesting, haying, fertilizing or irrigating crops, including machinery or equipment used in raising or feeding livestock, and specifically excludes snowmobiles, lawn tractors, all-terrain vehicles, titled motor vehicles and repair or replacement parts;

39-16-105.  Exemptions.

(a)  The following purchases or leases are exempt from the excise tax imposed by this article:

(vii)  For the purpose of exempting sales of services provided primarily to businesses, exemptions shall be as specified by the legislature and as follows:

(B)  The tax imposed by W.S. 39-16-104(b) this chapter shall not apply to farm implements or irrigation systems. For purposes of this section only, "farm implements" means any tractor or other machinery designed or adapted and used exclusively for agricultural operations of planting, tilling, harvesting, haying, fertilizing or irrigating crops, including machinery or equipment used in raising or feeding livestock, and specifically excludes snowmobiles, lawn tractors, all-terrain vehicles, titled motor vehicles and repair or replacement parts.

Section 2.  This act is effective July 1, 2001.

(END)