SB1367 amends Tennessee tax laws to exempt food and food ingredients from sales tax and adjust related allocations.
SB1367 modifies Tennessee tax laws by exempting the retail sale of food and food ingredients from sales tax. It also adjusts the allocation of tax revenues to counties and municipalities to account for this exemption. The bill specifies that the allocation should be based on reported exempt sales and other relevant data. It removes references to food and food ingredients from various sections of the tax code to reflect the new exemption. The changes take effect on July 1, 2025.
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- Core Provisions
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- Legal Framework
- Critical Issues
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