Committee: Ways and Means EducationSponsor: Livingston
Analyst: John FriedenreichDate: 04/05/2022

FISCAL NOTE

Senate Bill 274 as amended and reported by the Committee on Ways and Means Education will decrease sales tax receipts to the Education Trust Fund, and county and municipal funds by an undetermined amount for Fiscal Years 2023 through 2027 dependent upon the amount of the gross receipts derived from the sale of producer value-added agricultural products. This exemption would only apply to value-added products when the sales are made by the producer or members of the producer's immediate family, or those individuals employed by the producer of these products, and this bill requires producers to report to Department of Revenue information regarding the exempted products sold by the producer, their family, or their employees.


 Danny Garrett, Chair
Ways and Means Education