The bill modifies the sales and use tax exemption related to the servicing and repair of farm implements in Wyoming. Specifically, it amends W.S. 39-15-105 and W.S. 39-16-105 to include the sale and servicing of farm implements, as well as any repair or replacement parts for those implements, under the exemptions from excise tax. The definition of "farm implements" is clarified to include tractors and machinery used exclusively for agricultural operations, while explicitly excluding vehicles titled under chapter 2 of title 31, snowmobiles, lawn tractors, and all-terrain vehicles.

Additionally, the bill removes the previous language that separately exempted repair or replacement parts from the excise tax, thereby consolidating the exemptions into a more comprehensive framework. The effective date for this act is set for July 1, 2023.

Statutes affected:
Introduced: 39-15-105, 39-16-105