Posted by Billy Shafer on January 10, 2012 at 08:49:18 from (173.184.27.50):
In Reply to: Re: New Farm tax law posted by rustyfarmall on January 10, 2012 at 08:23:04:
Not that simple Rusty. Some things that were AG exempt no longer are. Such as feed for pets on a farm. Now is a working cattle dog a pet or a farm animal. If you buy a water hose for the farm. It is exempt if you only use it at the barn. If you buy it for the house. It is not. If you buy rock for a road on your farm. It is tax free. But if the road goes buy your house. The portion from your house to the main road is taxable. Past your house it is tax free. At least that is the way I read it.
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