Sales tax; exempt sales of lime for agricultural purposes, reduce rate on retail sales of fencing materials for containment of livestock.

Added an exemption for lime used for agricultural purposes from sales taxation.

Excluded medical cannabis establishments from being classified as technology-intensive enterprises for tax purposes.

Changed the sales tax rate for fencing materials sold to commercial farmers from 7% to 1.5%.

Added a new 1.5% tax rate for equipment used in logging, pulpwood operations, and tree farming when sold to professional loggers.

Created a new 1.5% tax rate for machinery sold to technology-intensive enterprises that meet specific criteria regarding workforce size, education, wages, and manufacturing focus.

Added specific tax rates for various industries including railroads (3%), electric power associations (1%), vending machines (8%), disabled person equipment (vehicle rate), modular homes (3%), dairy facilities (3.5%), and oil/gas operations (4.5%).

Defined 'professional logger' as an entity holding a specific permit issued by the Department of Revenue, requiring certification according to Sustainable Forestry Initiative guidelines.

Established a new application process requiring professional loggers to obtain a permit to qualify for reduced tax rates on logging equipment.

Set the effective date of the act to July 1, 2026.