S388 - Qualifying Farmer Zoo Sales Tax Exemption. (SL 2022-45)

Overview: S.L. 2022-45 does the following three things:

• Allows qualifying farmers that also have zoo operations to purchase items for the zoo under their qualifying farmer sales tax exemption certificate, effective for items purchased on or after January 1, 2023. (Part I)
• Creates a new sales tax exemption for certain items purchased by a wildlife manager for wildlife management activities, effective for items purchased on or after October 1, 2022. (Part II)
• Modifies and expands the property tax classification for wildlife conservation land, effective for taxes imposed for taxable years beginning on or after July 1, 2022. Property classified as wildlife conservation land is assessed and taxed at a value lower than its fair market value. (Part III)

Except as otherwise provided, this act became effective July 7, 2022.