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 operational costs associated with fencing necessary for agricultural activities.

Additionally, the bill clarifies that the exemption applies to fencing used for the containment of farmed Cervidae and expands the list of exempt items to include aquaculture production equipment. The effective date for these changes is set for sales and purchases made after June 30, 2025. Overall, the bill seeks to enhance the economic viability of agricultural operations in Minnesota by broadening the scope of tax exemptions available to farmers.

Statutes affected:
Introduction: 297A.69