New Agricultural Tax Exemptions and the Florida Tax Exempt Ag Materials (TEAM) Card

Are you taking advantage of all the tax breaks available to you as a farmer? You may be aware that there are sales tax exemptions on items such as off-road (dyed) diesel fuel, electricity used for ag purposes, trailers used in ag production, fertilizer, fungicides, pesticides, power farm equipment, and plant material used to produce food for human consumption.

You may not be aware that back in July 2023 the Florida Legislature passed a law that became Florida Chapter 2023-154 that now includes temporary and permanent fencing, post, wire, electric fencing and supplies, and even concrete for posts, nails, screws, staples and hinges for gates.

The law also created a card that can be shown to retailers to verify your agricultural tax exemption called the Farm Tax Exempt Agricultural Materials (TEAM) card. This card will be available to producers starting in 2024.

For a more thorough reading about the agricultural tax exemption and the TEAMS card please refer to this article written by Extension Agent Doug Mayo. Florida Farm TEAM Card for Agriculture Sales Tax Exemption | Panhandle Agriculture (ufl.edu)  There are some great reference articles attached for more in-depth information.