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VOL. 128 | NO. 68 | Monday, April 08, 2013

House Unanimously Approves Food Tax Reduction

AP

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NASHVILLE (AP) – The state House has unanimously approved Gov. Bill Haslam's proposal to cut the state's sales tax on groceries.

If approved by the Senate, the state's tax on groceries would drop by a quarter percentage point to 5 percent. Lawmakers last year enacted a cut of the same amount.

The state's sales tax on non-food items is 7 percent.

The tax reduction is projected to cost the state about $23 million in state revenue – or an average annual tax savings of about $3.56 for each Tennessean.

The companion bill is awaiting a vote in the Senate Finance Committee but is not expected to find much opposition.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 98 400 5,162
MORTGAGES 129 530 7,170
FORECLOSURE NOTICES 24 117 1,592
BUILDING PERMITS 0 774 12,068
BANKRUPTCIES 65 309 4,834
BUSINESS LICENSES 27 142 2,125
UTILITY CONNECTIONS 65 373 6,624
MARRIAGE LICENSES 21 117 1,490

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