ISSUE 1070 REMINDER: FARM EQUIPMENT SALES TAX EXEMPTION
GOES INTO EFFECT HB643, which exempts all agricultural power equipment
from the Florida state sales tax, went into effect Friday (July
1). The law was a legislative priority for FFVA during the past
session. As of July 1, purchases of power farm equipment, which
is defined as moving or stationery equipment that contains within
itself the means for its own propulsion or power and moving or
stationary equipment that is dependent upon an external power
source to perform its functions, will not be taxed. This includes
tractors, generators, harvesters, disks, harrows, conveyors, pumps,
and all other power-driven, power-drawn or self-propelled equipment.
ALSO IN THIS WEEK'S RAP-UP (Members-Only articles are indicated in bold.)
|
|
