Nashville, TENNESSEE – According to the state officials, the Governor’s proposal to suspend state and local sales tax on groceries for 30 days will be included in the Fiscal Year 2022-2023 budget amendment, which will be delivered on Tuesday, March 29.
Governor Bill Lee released the following statement:
“As Americans see their cost-of-living skyrocket amid historic inflation, suspending the grocery tax is the most effective way to provide direct relief to every Tennessean.
Our state has the ability to put dollars back in the pockets of hardworking Tennesseans, and I thank members of the General Assembly for their continued partnership in maintaining our fiscally conservative approach.”
Governor Bill Lee will host a roundtable with business leaders to discuss the tax cut proposal and hear about the local impacts of nationwide economic challenges.
This is a developing story and it will be updated as new information become available.