Establishes an annual food tax holiday exempting sales taxes on certain currently taxable food items in November or December
REFERRED TO BUDGET AND REVENUE
Summary
The bill adds a new tax provision that, each year, will waive sales tax on certain prepared foods and ready‑to‑eat items for a two‑week period chosen by the state tax commissioner. It applies to purchases of $250 or less at participating food retailers and restaurants, but excludes alcohol, tobacco, cannabis, soft drinks and similar products. The state will reimburse local governments for the lost tax revenue.
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