Colorado Law Exempts More Agricultural Goods
- Sales Tax News
- Jun 5, 2012 | Susan McLain
“…Sales of agricultural compounds and spray adjuvants to be consumed by, administered to, or otherwise used in caring for livestock and all sales of semen for agricultural or ranching purposes,” are now identified as wholesale sales instead of retail.
The bill enumerates that “agricultural compound” means:
“(A) Insecticides, fungicides, growth-regulating chemicals, enhancing compounds, vaccines, and hormones;
“(B) Drugs, whether dispensed in accordance with a prescription or not, that are used for the prevention or treatment of disease or injury in livestock;
“(C) Animal pharmaceuticals that have been approved by the food and drug administration.”
The Act takes effect upon passage, except for section 2, which takes effect July 1, 2012.