SB 1240 Sales and use tax; agricultural exemptions
Virginia 2023 Regular Session
Sales and use tax; agricultural exemptions.
SB-1240
About SB-1240
Sales and use tax; agricultural exemptions. Provides a sales and use tax exemption for property used to produce agricultural products for market in an indoor, closed, controlled-environment commercial agricultural facility. The property exempted includes (i) internal structural components required to create the necessary growing environment for plants, including watering systems, towers for growing plants, and lighting and air systems, and (ii) transparent elements of external structural components of such facilities, including windows, walls, and roofs, that allow sunlight in for the commercial production of agricultural products. The exemption shall not apply to property used in producing cannabis. The bill allows contractors working on behalf of owners of facilities exempt under these new provisions to use the exemption when purchasing materials that would otherwise qualify for the exemption.
Bill Texts
Chaptered 03/26/2023
Enrolled 02/15/2023
Comm Sub 01/25/2023
Prefiled 01/10/2023
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