A quarter-penny reduction in Tennessee’s state sales tax on groceries goes into effect July 1, trimming the current sales tax from 5.5 percent to 5.25 percent, according to The Times Free Press in Chattanooga, Tenn. For the full story, click here.
Editor’s Insight: The vending and foodservice industries should not be forced to support food retailers, which is what discriminatory taxation causes them to do. This is a fairness issue.
The vending and foodservice industries should urge the Tennessee lawmakers to recognize that taxpayers need relief when buying food and beverages, which are basic necessities, but the relief should not be restricted to one type of retail venue. 05-11-12 By Elliot Maras