A bill to amend the Internal Revenue Code of 1954 to exempt certain vehicles, trailers, bodies, chassis, parts and accessories used for farming purposes from the excise tax and from the highway use tax imposed on such property.

Amends the Internal Revenue Code to exempt from the manufacturers' excise tax on motor vehicles any vehicle, trailer, semitrailer, body, chassis, part, or accessory primarily designed as feed, seed, or fertilizer equipment or as livestock transportation equipment. Exempts such equipment from the highway use tax.