We have a brand new updated website! Click here to check it out!

Nebraska Drops Taxes on Farm Equipment

taxesHASTINGS, Neb. (AP) — Nebraska farmers and ranchers who want to fix some of their equipment will be able to save a little money, now that the state has dropped its sale and use tax on repair and replacement parts.

The state last week dropped the taxes it had been charging on repair and replacement parts for agricultural machinery and equipment that qualify. The change was prompted by legislation the Legislature passed earlier this year. The bill was sponsored by Sen. Annette Dubas, of Fullerton.

The Nebraska Farm Bureau has cited estimates that the state’s farmers and ranchers collectively will save between $9 million and $10 million a year.

Copyright Eagle Radio | FCC Public Files | EEO Public File