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 fencing and equipment. The amendment adds a new exemption for fencing, including materials and supplies used in the construction, improvement, repair, or replacement of fencing that is directly and principally used in agricultural production of tangible personal property intended for retail sale. Additionally, the bill clarifies that aquaculture production equipment is also exempt from sales and use tax.

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 fencing necessary for their operations.

Statutes affected:
Introduction: 297A.69