This bill amends the law regarding gross receipts tax exemption certificates by introducing a new "Farmer Sales Tax Identification Card." The card is designed to assist eligible farmers in obtaining sales tax exemptions for purchases related to their farming activities. The bill outlines the criteria for eligibility, which includes being engaged in farming and demonstrating the capacity to produce commercially marketable quantities of agricultural products. Additionally, the bill specifies that sellers who accept this identification card in good faith will be relieved of sales tax remittance liability, provided they follow the prescribed exemption requirements.

The legislation also establishes the application process for obtaining the farmer sales tax identification card, including a fee structure of $20 for new cards and $10 for renewals. The card will expire after eight years and can be renewed without additional documentation if the farmer's information remains unchanged. Furthermore, the bill clarifies the responsibilities of sellers in accepting exemption certificates and identification cards, ensuring they are not held liable for tax if they comply with the outlined procedures. The act is set to take effect on January 1, 2026.