Taxes, Sales - As introduced, exempts from the state sales and use tax the retail sale of food and food ingredients. - Amends TCA Title 57, Chapter 3 and Title 67.

Summary

The bill removes the state sales and use tax on all retail sales of food and food ingredients. It also revises related tax code sections, deleting the earmarked education revenue from a small tax rate and updating licensing thresholds that reference food sales. The goal is to lower grocery costs for consumers while adjusting the tax framework.

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

Topics

Share