HB1893

Tennessee HB1893 amends tax laws to allow cities and metropolitan governments to lower or exempt taxes on food and food ingredients.

Tennessee HB1893 amends Title 7 and Title 67 of the Tennessee Code to allow cities and metropolitan governments to either lower the tax rate or exempt the retail sale of food and food ingredients from the city tax rate. The reduced tax rate or exemption applies to tax periods beginning on or after October 1, 2024, for incorporated cities or towns, and October 1, 2026, for metropolitan governments. The change becomes effective 60 days after the department of revenue receives a certified copy of the adopted ordinance or resolution.