Grocery Tax Holiday has started, and most groceries in Tennessee are exempt from sales tax.
The Grocery Holiday is a part of the Tennessee Works Tax Act
The law was passed this year and created a Grocery holiday across the state. It approved over $400 million in federal tax cuts. The experts expect a rise in the price of food items in August, so the Tax Holiday is timely for consumers.
State leaders said they estimated that during Tax Holiday, people in Tennessee would save a total of $288 million over the next three months Tax Holiday by not paying taxes on food.
The Grocery Holiday is going to help a lot of people because the groceries now are pretty high. Even though I have only one child, it’s like I have four, and the tax holiday is a big help, says one consumer.
Questions Raised In The Grocery Holiday
How long is the grocery tax holiday?
The grocery tax holiday begins on August 1 at 12:01 a.m. and ends on October 31
What items are tax-free during tax holidays?
Almost all food and food ingredients are tax-free during the tax holiday.
What isn’t tax-free?
Dietary supplements, prepared food, tobacco, and alcohol are not tax-free during grocery tax holidays.
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