1. A. Exempted from the gross receipts tax are the receipts of any person derived from feeding or pasturing livestock.
2. B. Receipts derived from penning or handling livestock prior to sale are receipts derived from feeding livestock for the purposes of this section.
3. C. Receipts derived from training livestock are receipts derived from feeding livestock for the purposes of this section.

History: 1953 Comp., § 72-16A-12.7, enacted by Laws 1969, ch. 144, § 12; 1974, ch. 19, § 1; 1991, ch. 9, § 28; 1992, ch. 48, § 2.

ANNOTATIONS

The 1992 amendment, effective July 1, 1992, substituted "are not" for "are" in Subsection C.

The 1991 amendment, effective July 1, 1991, designated the formerly undesignated provisions as Subsections A to C and, in Subsection C, inserted "not" preceding "receipts".