Tax & Accounting Blog

CO: Agricultural Exemptions Reinstated

Indirect Tax, ONESOURCE, Sales and Use Tax June 6, 2011

Effective July 1 the passage of H1005 will restore certain agricultural exemptions that were temporarily eliminated by L. 2010, H1195. Exemptions will once again apply to sales, purchases, storage, use, or consumption of agricultural compounds and pesticides, including those used in the caring of livestock or agriculture or semen for agricultural or ranching purposes.

The bill as enacted can be viewed at: