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Q:  Does the replacement part have to have a useful life of more than one year to qualify for the exemption for farm machinery and equipment?

A: 

No.  There is no useful life requirement for replacement parts.

However, farm machinery and equipment for which replacement parts are purchased must have a useful life of a year or more, regardless of the useful life of the part.  Qualifying machinery and equipment does not include property with a useful life of less than one year.

More information
Special Notice: Replacements Parts for Farm Machinery and Equipment - Sales and Use Tax Exemption (pdf)
Agriculture guide
Related questions & answers
What kinds of replacement parts are exempt from retail sales tax under the replacement parts for farm machinery and equipment exemption?
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