Sales tax; 1.5% rate for retail sales of livestock fencing and trailers to commercial farmers for agricultural purposes.

SB 2804 would reduce the sales tax rate to 1.5% for commercial farmers purchasing livestock fencing, trailers for livestock transport, and related maintenance parts/labor. It applies only to "commercial farmers" who hold a permit issued by Mississippi's Department of Revenue and present it to sellers at purchase. The bill amends existing tax law to create this specific exemption, which would lower costs for qualifying agricultural equipment purchases while requiring a permit verification process.