Tennessee
Gov. Bill Lee proposes three-month grocery tax holiday for Tennessee
NASHVILLE, Tenn. (WTVF) — Gov. Invoice Lee introduced Tennessee may see some aid on the grocery retailer quickly with one other grocery tax vacation.
Final summer season, the state noticed a month-long grocery tax vacation. Now, the governor is proposing a three-month-long tax vacation. He made the announcement throughout his State of the State deal with Monday.
If much like the final grocery tax vacation, it might apply to just about all meals. Wine, beer, and cigarettes wouldn’t be included.
The USDA predicts the price of groceries to extend by no less than 8% in 2023.
“Final August, we gave Tennessee households a one-month break from grocery taxes, to offer aid amid nationwide inflation. We should always do this once more this yr, however let’s prolong it to 3 consecutive months,” mentioned Governor Lee.
Presently, groceries have a few 5% tax, which is a decreased price from the seven p.c gross sales tax on different objects.