TO PROVIDE SALES AND USE TAX EXEMPTIONS FOR STUDENT FARMERS; AND TO PROVIDE SALES AND USE TAX EXEMPTIONS FOR CERTAIN PRODUCTS AND SERVICES TO BE USED IN RELATION TO A PROJECT FOR A YOUTH FARMING PROGRAM.

SB 338 aims to provide sales and use tax exemptions for student farmers in Arkansas. It defines a "student farmer" as an individual under 23 enrolled in a youth farming program, such as FFA or 4-H. The bill exempts sales tax on various items purchased by student farmers for their projects, including feed, livestock, seeds, fertilizer, medical supplies for animals, and farm equipment. It also exempts taxes on the lease of personal property and accommodations for student farmers or program leaders attending livestock shows or competitions. To claim these exemptions, student farmers must apply for an exemption certificate from the Department of Finance and Administration.