Utah Administrative Code
Topic - Tax Commission
Title R884 - Property Tax
Rule R884-24P - Property Tax
Section R884-24P-44 - Farm Machinery and Equipment Exemption Pursuant to Utah Code Ann. Sections 59-2- 102 and 59-2-1101
Universal Citation: UT Admin Code R 884-24P-44
Current through Bulletin 2024-18, September 15, 2024
A. The use of the machinery and equipment, whether by the claimant or a lessee, shall determine the exemption.
1. For purposes of
this rule, the term owner includes a purchaser under an installment purchase
contract or capitalized lease where ownership passes to the purchaser at the
end of the contract without the exercise of an option on behalf of the
purchaser or seller.
B. Farm machinery and equipment is used primarily for agricultural purposes if it is used primarily for the production or harvesting of agricultural products.
C. The following machinery and equipment is used primarily for the production or harvesting of agricultural products:
1. Machinery and
equipment used on the farm for storage, cooling, or freezing of fruits or
vegetables;
2. Except as provided
in C.3., machinery and equipment used in fruit or vegetable growing operations
if the machinery and equipment does not physically alter the fruit or
vegetables; and
3. Machinery and
equipment that physically alters the form of fruits or vegetables if the
operations performed by the machinery or equipment are reasonable and necessary
in the preparation of the fruit or vegetables for wholesale
marketing.
D. Machinery and equipment used for processing of agricultural products are not exempt.
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