SALT Report 3405 – As of July 1, 2014, any farmer who participates in on-farm grain storage or drying can apply for a sales tax exemption for certain utilities. These utilities include: electricity, liquefied petroleum gas and natural gas. However, any utility used in irrigation is not eligible for the exemption.
According to Arkansas Department of Finance and Administration fiscal projections, the tax exemption will save Arkansas farmers $3.89 million in 2015 and $4.01 million by 2016.
For Further Information: