The classical school emphasizes production of goods and services as the key focus of economic analysis. Neoclassical economics focuses on how individuals operate within an economy. As such, the neoclassical school emphasizes the exchange of goods and services as the key focus of economic analysis.. (Source : Difference Between Classical & Neoclassical Economics | eHow) Here's information about the dates of emergence of neoclassical economics:
A random sampling of other states indicates the issue is mixed. For example, Illinois taxes the equipment if it is used in a manufacturing process. In Maine, there is no exemption. In Connecticut, all fire safety equipment is exempt.
Q. Are there any exemptions from sales and use tax that apply to farmers? Answer : A. Yes. A farmer that qualifies for and has been issued a Farmer Tax Exemption Permit by the Connecticut Department of Revenue Services may purchase goods that will be used exclusively in agricultural production exempt from tax. Please review information on the Farmer Tax Exemption by visiting Programs and Services (Updated: 2015) This answer is intended to provide general information concerning a frequently asked question about a current position, policy, or practice associated with the taxes administered by the Connecticut Department of Revenue Services.