HB 1523: Farm equipment grant program; create.

Summary

An Act To Provide That The Department Of Finance And Administration Shall Establish A Program To Make Grants To Farmers To Assist With The Purchase Of New Farm Tractors And Parts And Labor Used To Maintain And/or Repair Such Tractors, And New Farm Implements Taxed At The Rate Of 1.5% Under Section 27-65-17; To Provide An Application Process For The Program; To Create The "farm Equipment Grant Fund" As A Special Fund In The State Treasury; To Provide That Monies In The Fund Shall Be Used By The Department Of Finance And Administration, Upon Appropriation By The Legislature, To Make Grants Under This Act; To Amend Section 27-65-75, Mississippi Code Of 1972, To Provide That A Portion Of The State Sales Tax Revenue Collected From The Retail Sales Of Farm Tractors And Parts And Labor Used To Maintain And/or Repair Such Tractors, And Farm Implements Taxed At The Rate Of 1.5% Under Section 27-65-17, Shall Be Deposited Into The Farm Equipment Grant Fund Created In This Act; And For Related Purposes.

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Mar 3, 2026

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