ID H0489

Creates a sales and use tax exemption for food sold for human consumption, defined according to 7 U.S.C. 2012 as of January 1, 2022, and aligned with items eligible for federal SNAP benefits.

Excludes from the food tax exemption restaurant sales, heated food, food with multiple mixed ingredients prepared by the seller, and food sold with eating utensils provided by the seller.

Increases the revenue-sharing account distribution from 11.5% to 12.9% of collected sales tax revenues, affecting distributions to cities, counties, and special purpose taxing districts.

Repeals the food income tax credit (Section 63-3024A) and related information exchange provisions, effective retroactively to January 1, 2022.

Removes references to the food tax credit from child support tax benefit provisions in Section 32-706, effective retroactively to January 1, 2022.