Plain English Breakdown
The official source material does not provide details on how the bill updates state laws beyond exempting fresh fruits and vegetables from sales tax.
Exempting Fresh Fruit and Vegetables from Sales Tax
This bill removes sales tax on fresh fruits and vegetables sold for human consumption in Tennessee.
What This Bill Does
- Removes the four percent (4%) sales tax on fresh fruits and vegetables sold to people for eating.
Who It Names or Affects
- People who buy fresh fruit and vegetables in Tennessee will pay less tax on these items.
- Stores selling fresh fruits and vegetables may see changes in their sales tax responsibilities.
Terms To Know
- Sales Tax
- A tax added to the price of goods or services when they are sold.
- Exemption
- An exception from a rule that usually applies to everyone else.
Limits and Unknowns
- The bill does not specify how much money will be lost in tax revenue.
- It is unclear if other food items might get similar exemptions in the future.