1.1                          A bill for an act 
  1.2             relating to taxation; exempting sales of new farm 
  1.3             machinery from the sales tax; amending Minnesota 
  1.4             Statutes 1996, section 297A.02, subdivision 2; 
  1.5             Minnesota Statutes 1997 Supplement, section 297A.25, 
  1.6             subdivision 59. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  Minnesota Statutes 1996, section 297A.02, 
  1.9   subdivision 2, is amended to read: 
  1.10     Subd. 2.  [~~MACHINERY AND~~ AQUACULTURE PRODUCTION EQUIPMENT.] 
  1.11  Notwithstanding the provisions of subdivision 1, the rate of the 
  1.12  excise tax imposed upon sales of ~~farm machinery and~~ aquaculture 
  1.13  production equipment is 2.5 percent. 
  1.14     Sec. 2.  Minnesota Statutes 1997 Supplement, section 
  1.15  297A.25, subdivision 59, is amended to read: 
  1.16     Subd. 59.  [FARM MACHINERY.] The gross receipts from the 
  1.17  sale of ~~used~~ farm machinery are exempt. 
  1.18     Sec. 3.  [EFFECTIVE DATE.] 
  1.19     Sections 1 and 2 are effective for sales after June 30, 
  1.20  1998.