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Tennessee Republicans file bill to cut state's grocery tax

Tennessee Republicans have introduced a bill aimed at reducing the state's grocery tax from 4% to 3.5% starting in 2024, with plans to eliminate it entirely by 2025. This legislative move, spearheaded by House Majority Leader William Lamberth and Senate Majority Leader Jack Johnson, seeks to provide relief to families struggling with inflation. The bill also includes provisions to prevent local governments from increasing their own sales taxes on food to compensate for the state's reduction. This initiative comes after Governor Bill Lee's proposal to lower the tax to 3% was not passed in the previous legislative session. The reduction in grocery tax is part of a broader effort to ease financial burdens on Tennessee residents, with the state's strong financial position cited as a reason for being able to afford such tax cuts.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/tennessee-republicans-file-bill-to-cut-state-s-grocery-tax/ar-AA1vwDRx ]