Mississippi legislation · 2026 Regular Session
Mississippi HB1523: Farm equipment grant program; create.
Status: Failed, March 3, 2026
AN ACT TO PROVIDE THAT THE DEPARTMENT OF FINANCE AND ADMINISTRATION SHALL ESTABLISH A PROGRAM TO MAKE GRANTS TO FARMERS TO ASSIST WITH THE PURCHASE OF NEW FARM TRACTORS AND PARTS AND LABOR USED TO MAINTAIN AND/OR REPAIR SUCH TRACTORS, AND NEW FARM IMPLEMENTS TAXED AT THE RATE OF 1.5% UNDER SECTION 27-65-17; TO PROVIDE AN APPLICATION PROCESS FOR THE PROGRAM; TO CREATE THE "FARM EQUIPMENT GRANT FUND" AS A SPECIAL FUND IN THE STATE TREASURY; TO PROVIDE THAT MONIES IN THE FUND SHALL BE USED BY THE DEPARTMENT OF FINANCE AND ADMINISTRATION, UPON APPROPRIATION BY THE LEGISLATURE, TO MAKE GRANTS UNDER THIS ACT; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A PORTION OF THE STATE SALES TAX REVENUE COLLECTED FROM THE RETAIL SALES OF FARM TRACTORS AND PARTS AND LABOR USED TO MAINTAIN AND/OR REPAIR SUCH TRACTORS, AND FARM IMPLEMENTS TAXED AT THE RATE OF 1.5% UNDER SECTION 27-65-17, SHALL BE DEPOSITED INTO THE FARM EQUIPMENT GRANT FUND CREATED IN THIS ACT; AND FOR RELATED PURPOSES.
What the bill says
An act to provide that the department of finance and administration shall establish a program to make grants to farmers to assist with the purchase of new farm tractors and parts and labor used to maintain and/or repair such tractors, and new farm implements taxed at the rate of 1.5% under section 27-65-17; to provide an application process for the program; to create the "farm equipment grant fund" as a special fund in the state treasury…
From the engrossed text:
AN ACT TO PROVIDE THAT THE DEPARTMENT OF FINANCE AND ADMINISTRATION SHALL ESTABLISH A PROGRAM TO MAKE GRANTS TO FARMERS TO ASSIST WITH THE PURCHASE OF NEW FARM TRACTORS AND PARTS AND LABOR USED TO MAINTAIN AND/OR REPAIR SUCH TRACTORS, AND NEW FARM IMPLEMENTS TAXED AT THE RATE OF 1.5% UNDER SECTION 27-65-17; TO PROVIDE AN APPLICATION PROCESS FOR THE PROGRAM; TO CREATE THE "FARM EQUIPMENT GRANT FUND" AS A SPECIAL FUND IN THE STATE TREASURY; TO PROVIDE THAT MONIES IN THE FUND SHALL BE USED BY THE DEPARTMENT OF FINANCE AND ADMINISTRATION, UPON APPROPRIATION BY THE LEGISLATURE, TO MAKE GRANTS UNDER THIS ACT; TO AMEND SECTION 27-65-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A PORTION OF THE STATE SALES TAX REVENUE COLLECTED FROM THE RETAIL SALES OF FARM TRACTORS AND PARTS AND LABOR USED TO MAINTAIN AND/OR REPAIR SUCH TRACTORS, AND FARM IMPLEMENTS TAXED AT THE RATE OF 1.5% UNDER SECTION 27-65-17, SHALL BE DEPOSITED INTO THE FARM EQUIPMENT GRANT FUND CREATED IN THIS ACT; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. (1) (a) The Department of Finance and Administration (department) shall establish a grant program to make grants to farmers to assist with the purchase of new farm tractors and parts and labor used to maintain and/or …
Sponsors
- Lamar, John Thomas (R, 8) · primary sponsor
- McMillan, Jonathan (R, 58)
Latest actions
- : Died In Committee
- : Referred To Finance
- : Transmitted To Senate
- : Passed
- : Committee Substitute Adopted
- : Title Suff Do Pass Comm Sub
- : Referred To Ways and Means
Votes
- Passed (February 4, 2026): 113 yea, 4 nay, passed
Subjects: Farm equipment grant program
Common questions
- What is HB1523?
- HB1523 is a bill in the Mississippi Legislature (2026 Regular Session): Farm equipment grant program; create.
- What does HB1523 do?
- In its own words: An act to provide that the department of finance and administration shall establish a program to make grants to farmers to assist with the purchase of new farm tractors and parts and labor used to maintain and/or repair such tractors, and new farm implements taxed at the rate of 1.5% under section 27-65-17; to provide an application process for the program; to create the "farm equipment grant fund" as a special fund in the state treasury…
- What is the status of HB1523?
- Failed as of March 3, 2026. Latest action: Died In Committee (March 3, 2026).
- Who sponsored HB1523?
- Lamar, John Thomas (R, 8), with 1 co-sponsor.
- Where is the official record for HB1523?
- On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1523.xml
Source: official Mississippi record. Tracked by Delilah, AI for legislation across all 50 states and Congress.