This bill amends Minnesota Statutes to provide a sales and use tax exemption for grain bins, related construction materials and supplies, and tractor tires. Specifically, it modifies the definition of "farm machinery" to include grain bins, which are defined as fixed structures used to store grains while maintaining temperature or humidity levels to prevent spoilage and protect against infestation. Additionally, the bill clarifies that tractor tires are also exempt from sales and use tax.

The bill makes several deletions and insertions in the current law. Notably, it removes grain bins from the list of items that do not qualify as farm machinery, thereby allowing them to be included in the tax exemption. The effective date for these changes is set for sales and purchases made after June 30, 2025. This legislation aims to support agricultural producers by reducing their tax burden on essential equipment and supplies.

Statutes affected:
Introduction: 297A.61, 297A.69