Taxes, Exemption and Credits - As introduced, exempts the retail sale of food and food ingredients from the sales and use tax when sold on the fifth day of any month. - Amends TCA Title 67, Chapter 6.

Summary

The bill adds a new exemption so that any food or food‑ingredient sold at retail between midnight and 11:59 p.m. on the fifth day of a month is not subject to the state sales and use tax. The exemption does not apply to sales made through micro‑markets, vending machines, or similar devices. It takes effect on July 1, 2026.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share