Exemptions from tax — Livestock reproduction equipment

(a) The gross receipts or gross proceeds derived from the sale of livestock reproduction equipment or substances are exempt from gross receipts tax.

# (b) Definitions

(b) Definitions. As used in this section:

(1) “Livestock” means any mammal the products of which are used for food or human consumption;

(2) “Livestock reproduction equipment” includes any of the following used in the reproduction of livestock:

(A) Nitrogen;

(B) Nitrogen tanks; and

(C) Any equipment used to implement the reproduction technique; and

(3) “Livestock reproduction substance” means any natural or artificial substance used in the reproduction of livestock, including semen or embryos.