Sales tax; reduce rate to 1.5% for retail sales of fencing materials and cattle trailers to farmers for agricultural purposes.

HB 637 would reduce the sales tax rate to 1.5% for farmers purchasing fencing materials and cattle trailers for agricultural use, including parts and labor for maintaining or repairing these items. Currently, such purchases are taxed at the standard 7% rate under Mississippi's sales tax code. The bill targets a specific category of farm equipment to lower costs for agricultural operations. This is a direct tax rate change affecting farmers buying these items for on-farm use, not a new program or broader policy.