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VOL. 128 | NO. 68 | Monday, April 8, 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 This material may not be published, broadcast, rewritten or redistributed.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 57 252 6,191
MORTGAGES 73 287 7,379
FORECLOSURE NOTICES 0 37 1,152
BUILDING PERMITS 227 556 13,147
BANKRUPTCIES 40 153 4,500
BUSINESS LICENSES 25 86 2,448
UTILITY CONNECTIONS 37 110 2,650
MARRIAGE LICENSES 16 65 1,300

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