General Assembly Passes Modernization of Agriculture Sales Tax
The Tennessee Farm Bureau Federation enthusiastically applauds the Tennessee General Assembly for unanimously passing the Modernization of Agriculture Sales Tax (SB905 Stevens/HB1405 Halford).As amended, this legislation will provide much needed clarity and certainty on the tax status for both farmers and the businesses from which farmers purchase input items. As a result, qualified farmers will be able to purchase some input items that have previously been denied an exemption. The new exemption ...