This bill amends Minnesota Statutes 2024, section 297A.69, subdivision 4, to provide a sales and use tax exemption for specific types of farm-related machinery, equipment, and fencing. The amendment includes the addition of fencing materials and supplies used in the construction, improvement, repair, or replacement of fencing that is directly and principally used in agricultural production. This exemption aims to support farmers by reducing their tax burden on essential equipment and materials necessary for agricultural operations.

Additionally, the bill specifies that the exemption will apply to sales and purchases made after June 30, 2025. The changes also clarify that aquaculture production equipment is included in the list of exempt items, further expanding the scope of the tax relief provided to agricultural producers. Overall, the bill seeks to enhance the economic viability of farming operations in Minnesota by alleviating some of the financial pressures associated with purchasing necessary equipment and materials.

Statutes affected:
Introduction: 297A.69