HF 1510

1st Engrossment - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act
  1.2             relating to agriculture; permanently extending sales 
  1.3             tax exemption for used farm machinery; requiring a 
  1.4             study of farm costs; amending Minnesota Statutes 1994, 
  1.5             section 297A.25, subdivision 59. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 1994, section 297A.25, 
  1.8   subdivision 59, is amended to read: 
  1.9      Subd. 59.  [FARM MACHINERY.] From July 1, 1994, until June 
  1.10  30, 1995, The gross receipts from the sale of used farm 
  1.11  machinery are exempt. 
  1.12     Sec. 2.  [STUDY; COMMISSIONER OF AGRICULTURE.] 
  1.13     The commissioner of agriculture shall study the impact of 
  1.14  the costs of taxes, utilities, permits, and fees on the economic 
  1.15  viability of farmers, the rural economy, and agriculture in 
  1.16  Minnesota.  In doing the study, the commissioner shall consult 
  1.17  with farmers, farm organizations, and agricultural businesses.  
  1.18  The commissioner shall report to the legislature on or before 
  1.19  January 1, 1996, the results of the study and the methodology 
  1.20  used in preparing it. 
  1.21     Sec. 3.  [EFFECTIVE DATE.] 
  1.22     Section 1 is effective for sales after the day following 
  1.23  final enactment.