Ad valorem tax; exempt certain tractors, agricultural implements and equipment, and vehicles.

HB 4004 exempts tractors, agricultural implements, equipment, and vehicles from ad valorem property tax when held by dealers as merchandise for sale (e.g., on floor plans or consignment). This applies only to items not already exempt under Section 27-51-41(2). The bill directly affects agricultural equipment dealers by removing property tax on these items while they are in inventory for sale. It does not change tax obligations for end-users or existing exemptions for other property.