HB0073 - Sales and use tax-farm implements.
|
2001 |
State of Wyoming |
01LSO-0361 |
HOUSE BILL NO. HB0073
Sales and use tax-farm implements.
Sponsored by: Representative(s) Eyre
A BILL
for
1 AN ACT relating to
taxation and revenue; providing a sales
2 and
use tax exemption for farm implements as specified; and
3 providing
for an effective date.
4
5 Be It Enacted by the Legislature of the State of Wyoming:
6
7 Section
1. W.S.
39-15-105(a)(viii)(H) and
8
39-16-105(a)(vii)(B) are amended to read:
9
10 39-15-105. Exemptions.
11
12 (a) The following
sales or leases are exempt from the
13 excise tax imposed by this article:
14
15 (viii) For the
purpose of exempting sales of
16 services and tangible personal property as
an economic
17 incentive, the following are exempt:
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1
2 (H) The tax
imposed by W.S. 39-15-104(b)
4
purposes of this section only, "farm implements" means any
5
tractor or other machinery designed or adapted and used
6
exclusively for agricultural operations and specifically
7
excludes snowmobiles, lawn tractors, all-terrain vehicles
8 and
repair or replacement parts;
9
10 39-16-105. Exemptions.
11
12 (a) The
following purchases or leases are exempt from
13 the excise tax imposed by this article:
14
15 (vii) For the
purpose of exempting sales of
16 services provided primarily to businesses,
exemptions shall
17 be as specified by the legislature and as
follows:
18
19 (B) The tax
imposed by W.S. 39-16-104(b)
20 this chapter
shall not apply to farm implements. For
21 purposes of this section only, "farm
implements" means any
22 tractor or other machinery designed or
adapted and used
23 exclusively for agricultural operations and
specifically
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1
excludes snowmobiles, lawn tractors, all-terrain vehicles
2 and
repair or replacement parts.
3
4 Section 2. This act is effective July 1, 2001.
5
6 (END)
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