Missouri Farm Tax Exemption
To get a Missouri farm tax exemption, first download Form 149. Then identify the purchaser’s name, contact info, DBA, address, and tax ID number. There’s no cost to get a Missouri sales tax exemption certificate. The certificates don’t expire in Missouri. Sales tax is due quarterly.
Steps to fill out Form 149 include downloading, identifying the purchaser, filling it out, then keeping it on file. Exemption certificates can be a hassle, but getting them from each vendor ensures full compliance with Missouri tax regulations.
Missouri Agriculture Overview
On average, Missouri farms are 291 acres. Nearly all are family-owned and operated. Missouri’s terrain contributes greatly to its agricultural diversity.
Legal Exemptions and Tax Benefits
- Specifically, drivers transporting agricultural commodities during planting and harvesting season are exempt from hours-of-service rules, including electronic logging devices if they stay within 150 miles of the commodities source.
- Sellers are required to accept resale certificates. To accept one, they should verify it looks complete and matches the buyer’s business.
- The exemption certificates don’t expire in Missouri. Sales tax is due quarterly.
Missouri Crops and Land Prices
- Soybeans are the number one crop in Missouri.
- In 2020, good cropland averaged $5,555 per acre in Missouri, up 2 percent from the previous year.
Tax Exemption Clarification: Lawn Mowers
Lawn mowers don’t qualify for Missouri’s sales tax agriculture exemption because they aren’t agricultural vehicles. The sales tax exemption specifically applies to “a motor vehicle or trailer used for agricultural use,” and according to LR 8039, a zero-turn lawn mower is neither.