TO CREATE A FARMER SALES TAX IDENTIFICATION CARD; AND TO RELIEVE A SELLER OF SALES TAX REMITTANCE LIABILITY UPON GOOD FAITH ACCEPTANCE OF A FARMER SALES TAX IDENTIFICATION CARD.

Fiscal Impact Statement Bill: HB1594 Bill Subtitle: TO CREATE A FARMER SALES TAX IDENTIFICATION CARD; AND TO RELIEVE A SELLER OF SALES TAX REMITTANCE LIABILITY UPON GOOD FAITH ACCEPTANCE OF A FARMER SALES TAX IDENTIFICATION CARD. --------------------------------------------------------------------------------------------------------------------------------------- Sponsors: Rep. Vaught and Sen. Dees Basic Change: HB1594 creates a farmer sales tax identification card to be provided to an eligible farmer by the Department of Finance and Administration (DFA). An individual who is engaged in farming may present the identification card to a retailer to claim an exemption from sales tax. “Farming” is defined as the agricultural production of food or fiber as a business or the agricultural production of grass sod or nursery products as a business. A retailer who accepts an exemption certificate or a farmer identification card in good faith is relieved from liability to collect any applicable sales or use tax from the purchaser. Fiscal Impact: None. Taxpayer Impact: Sellers will be able to accept a farmer sales tax identification card to verify and account for purchases that are entitled to