Sun, Jul 24, 2016
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Well, It Is Not a Big Cut in the Grocery Tax, But it is a Cut!

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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.
 
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