Historic tax cuts provide sales tax relief for groceries and back-to-school items
NASHVILLE, TN (SPECIAL TO WLAF) – State Senator Ken Yager (R-Kingston) is encouraging citizens to take advantage of Tennessee’s upcoming sales tax holidays, set to begin July 28 with the state’s annual back-to-school tax-free weekend. A three-month-long suspension on grocery sales tax begins Aug. 1.
The sales tax holidays are part of successful legislative efforts in the General Assembly this year, supported by Yager, to pass the largest tax cut in Tennessee history.
Yager says the sales tax holidays are intended to provide relief to Tennesseans amid rising inflation and food costs.
“These tax cuts enable Tennesseans to keep more of their hard-earned money and provide financial relief as the costs of goods, including food, continue to rise due to inflation,” said Yager. “I have always been committed to keeping Tennessee one of the lowest-taxed states in the nation. I was proud to support these historic tax cuts and urge all citizens to take advantage of the financial savings and remember to shop local whenever you can.”
The state’s annual back-to-school tax-free weekend runs from Friday, July 28 through Sunday, July 30 and provides a $10 million tax cut. Eligible purchases include clothing and shoes valued at $100 or less, school or art supplies costing $100 or less and computers for personal use priced at $1,500 or less.
The three-month-long grocery sales tax holiday is from Aug. 1 through Oct. 31 and applies to food and food ingredients. However, it does not include prepared food, alcohol, dietary supplements, tobacco or candy. The state will replace local revenue lost, so local governments’ budgets will not be affected by this tax reduction.
The Tennessee Works Tax Act provides more than $404 million in savings for families and small businesses. These reforms will lower the tax burden on small businesses, boost Tennessee’s economic competitiveness, encourage entrepreneurship and provide financial relief for families amid rising food costs.
The Tennessee General Assembly has cut more than $2.4 billion in state taxes since 2011. For information about the sales tax holidays for 2023 and a complete list of exempt and non-exempt items, connect HERE. (WLAF NEWS PUBLISHED – 07/21/2023-6AM)