Section 1 requires a county agricultural society to annually determine the amount of sales tax savings attributable to the exemption under section 2. A county agricultural society must use the amount determined to maintain, improve, or expand buildings and facilities on the fairgrounds if the society owns the fairgrounds. If a society does not own its fairgrounds, it must transfer the amount to the fairgrounds owner, who must use the transferred amount to maintain, improve, or expand entity-owned buildings and facilities on the fairgrounds. Effective July 1, 2019.

Section 2 provides a sales tax exemption for sales by a county agricultural society during a regularly scheduled county fair held on the county fairgrounds. The exemption does not apply to sales or events other than a regularly scheduled county fair or to events not held on county fairgrounds. Effective for sales and purchases made after June 30, 2019.