A. The sales and use tax imposed by the state of Louisiana pursuant to La. Rev. Stat. 47:321, 321.1, and 331 and La. Rev. Stat. 51:1286 or any political subdivision of the state shall not apply to the purchase by commercial farmers of agricultural fencing materials. However, no exemption shall be granted for any purchase for which a rebate was issued in accordance with La. Rev. Stat. 47:305.77.

            B. For purposes of this Section, the following terms shall have the meanings ascribed to them in this Subsection:

            (1) “Agricultural fencing materials” means gates, hog wire fencing, barbed wire fencing, lumber or steel used as posts or rails, nails, screws, hinges, and concrete consisting of premixed dry mortar used for the purpose of fencing agricultural livestock. The term “agricultural fencing materials” also means electric fence wire, insulated posts, power sources, grounding systems, warning signs, and other components of electric agricultural fencing.

            (2) “Commercial farmer” has the same meaning as provided in La. Rev. Stat. 47:301.

            C. The secretary of the Department of Revenue may promulgate rules in accordance with the Administrative Procedure Act as are necessary to implement the provisions of this Section.

            D. The exemption authorized by this Section shall not apply to any taxable period after June 30, 2029.

            Acts 2023, No. 425, §1.