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TN SB0002
Bill
Status
11/12/2024
Primary Sponsor
Charlane Oliver
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AI Summary
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Eliminates Tennessee's state sales tax on retail sales of food and food ingredients, effective July 1, 2025
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Removes the existing 0.5% grocery tax earmark that was dedicated to K-12 education funding in the state general fund
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Requires the state to continue distributing to counties and municipalities an amount equal to what they would have received from food sales tax before the exemption
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Updates grocery store wine license requirements to base the 20% food sales threshold on total sales rather than taxable sales, reflecting the new tax-exempt status of groceries
Legislative Description
AN ACT to amend Tennessee Code Annotated, Title 57 and Title 67, relative to taxation.
Taxes
Last Action
Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2025
4/17/2025