New sales tax exemptions which may result in significant savings for producers went into effect as of July 1 as part of a broad tax cut package approved by the legislature and signed on June 16 by Governor Rick Scott.
These exemptions include:
- Irrigation parts and repairs
- Parts and repairs for power farm equipment
- Equipment used to store raw products on the farm after harvest
- Farm trailers weighing less than 12,000 pounds
- Stakes used in plant production.
The Florida Department of Revenue TIP sheet for the part and repairs for power farm equipment explains:
- Examples of qualifying “power farm equipment” include, but are not limited to: augers, combines, conveyors, disks, dozers, feeding systems, forklifts, generators, harrows, hay balers, irrigation motors, mowers, plows, power units, pumps, refrigeration equipment, skidders, and tractors.
- Examples of qualifying parts and accessories include, but are not limited to: tires, batteries, radios, global positioning systems, replacement parts, blades, disks, hoses, pumps, sprinkler heads, conveyor belts, lubricants, and gauges.
- In order for the exemption to apply, the power farm equipment must be used exclusively on a farm or in a forest in the agricultural production of crops or products as produced by agricultural industries included in Section (s.) 570.02(1), Florida Statutes (F.S.), or for fire prevention and suppression work with respect to such crops or products.
Producers must provide a certificate of exemption with the purchase order or prior to purchase; sample certificates and TIP sheets are available online through the FDOR website:
Exemption for Farm Trailers Weighing 12,000 Pounds or Less
