TN SB2314

Eliminates Tennessee's state sales tax on retail sales of food and food ingredients, effective July 1, 2026

Preserves local sales tax authority on food and food ingredients under Part 7 of the tax code

Removes the existing provision that earmarked 0.5% of food sales tax revenue for K-12 education funding

Updates liquor store licensing requirements to remove references to "taxable sales" of food, maintaining the 20% food sales threshold without the tax rate language