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HB 0886 - Sales Tax Exemptions - Revision of Agricultural Exemption/GATE Program
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Tracking Level: Support
Sponsor: Sam Watson
Last Action: 5/3/2018 - Effective Date
House Committee: Agriculture and Consumer Affairs
Senate Committee: Agriculture and Consumer Affairs
Assigned To:
Larry RamseyNext Bill
Sales Tax-LocalNext Bill

Staff Analysis of the Legislation

This bill makes several changes to the GATE program: 1) increases the sales and operations thresholds from $2,500.00 to $5,000.00; 2) includes livestock as an agricultural product; 3) provides additional requirements for applicants who apply and provide IRS Form 1120 or 1120(s); requires the agriculture commissioner to get a taxpayer's valid state tax identification number prior to issuing an exemption certificate; 4) provides for 3 year duration of new exemption certificates for a fee of $150.00 and an annual wallet sized card showing the certificate is in effect for the current year; 5) provides for new procedures for suspension or revocation of the certificate for unlawful use; 6) authorizes DOR and the Department of Agriculture to share confidential tax information for program compliance purposes; and 7) requires the Department of Agriculture to prepare an annual report  for the chairs of House Ways and Means and Senate Finance committees. 

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text

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