Lee budget amendment includes sales tax holiday on groceries, restaurant purchases

Tennessee Gov. Bill Lee introduced a budget amendment Tuesday that included a two-week sales tax holiday on food purchases.

The two-week sales tax holiday, which includes all grocery sales, purchases at restaurants and all prepared food, is estimated to cost the state $100 million, accounting for $25 million in grocery sales and $75 million from restaurants and prepared food.

Lee introduced a $42 billion spending proposal in February. Tuesday’s budget amendment included $580 million in new spending.

Lee’s budget proposal must be deliberated in the Tennessee Senate and House, and both chambers
Read more…

Please follow and like us: