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With tax season come and gone, here’s some things to keep in mind for the next year! Whether you’re getting back on the rodeo road, starting or finishing cattle, or trying to qualify for the world series team roping, here are some things you need to know about Ag/Timber numbers.
Farmers, ranchers, and timber manufacturers can claim exemptions from SOME Texas taxes when buying certain items that are used specifically to produce agriculture or timber products that will be sold (such as feedlot operations, and contract logging)
Here are some things you need to know:
To claim tax exemption, you have to apply for an ag/timber registration number from the Comptroller. When using your ag/timber number, you must include it on the agricultural exemption certificate when purchasing qualifying items.
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