Farmers get break on diesel tax
Gas prices headed up this week ahead of Hurricane Gustav, but farmers got a bit of a break.
A new law took effect Thursday that eliminated the state tax on diesel for agricultural purposes. The tax is .05325 cents per gallon.
“So many input costs are just skyrocketing, so any little bit helps,” said Leslie Holloway, director of state and local governmental affairs for the Missouri Farm Bureau.
For years, farmers have paid only half of the state tax. The provision to remove all the tax was included in a large agricultural bill the Missouri Legislature approved this year. Farmers still pay the federal tax on the fuel.
To get the exemption, ag producers must sign a form stating that the fuel will only be used for farming, said Sam Burnett, manager of MFA Oil in St. Joseph.
“It has to be on file before you buy the fuel,” Mr. Burnett said.
Business editor Susan Mires can be
reached at susanm@npgco.com.
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