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 section 297A.61, subdivision 12, by removing grain bins from the list of items that do not qualify as farm machinery, thereby allowing them to be classified as such. Additionally, it amends section 297A.69, subdivision 4, to explicitly include grain bins and tractor tires as exempt items, while also defining a grain bin as a fixed structure used for grain storage that regulates temperature or humidity to prevent spoilage and infestation.

The bill establishes that these exemptions will be effective for sales and purchases made after June 30, 2025. This legislative change aims to support agricultural producers by reducing their tax burden on essential equipment and supplies necessary for farming operations.

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