Gov. Haslam signs legislation to reduce food tax

Gov. Haslam signs legislation to reduce food tax

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VONORE (WATE) - Gov. Bill Haslam signed legislation in Monroe County today to reduce the state portion of the sales tax on groceries from 5.25 percent to 5 percent.

He held a ceremonial bill signing at Sloan's Grocery.

In 2012, the General Assembly passed and the governor signed the first step in reducing the state portion of the sales tax on groceries, lowering the rate from 5.5 percent to 5.25 percent.

"We're lowering taxes and balancing the state budget by managing conservatively, making strategic investments in our priorities and finding new ways to make government more efficient and effective," Haslam said.

The reduced tax rate does not apply to prepared foods such as a meal at a restaurant, candy, alcoholic beverages or tobacco.

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