Governor Bill Haslam signed legislation Monday to reduce the sales tax on groceries. Haslam signed the bill in a ceremony at Sloan’s Grocery in Monroe County. The bill reduces the current tax from 5.25 percent to 5 percent. WGNS repeats... that is a (point) .25 percent decrease!
The tax has seen a steady decrease. In 2012, The General Assembly passed and Haslam signed a bill which reduced the previous tax from 5.5 percent to 5.25 percent.
Haslam said, “The sales tax on food impacts all Tennesseans, and I applaud the General Assembly for passing this important piece of legislation this year.”
Haslam included $23 million in the 2013-2014 budget to fund the bill. The reduced tax rate does not apply to prepared foods such as a meal at a restaurant, candy, alcoholic beverages or tobacco.
Source:
Partner Station WMSR
