Taxes, Sales - As introduced, urges the department of revenue to study the amount of revenue derived during the previous five fiscal years from the sales tax imposed on retail sales of non-prepared food, and from the general sales tax imposed on retail sales of prepared food; requires a report be submitted to the chairs of the finance, ways and means committees and the office of legislative budget analysis. - Amends TCA Title 67, Chapter 6.

Summary

The bill directs the Department of Revenue to analyze how much revenue the state earned from the sales tax on non‑prepared food and the general sales tax on prepared food over the last five fiscal years. Within 90 days after the study is finished, the department must send a report with its findings and any recommendations to the chairs of the Senate Finance Committee, the House tax committee, and the Legislative Budget Analysis Office. The goal is to give lawmakers data for future tax decisions.

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