Nashville, TN – Tennessee State Senator Bill Powers (R-Clarksville) encourages citizens to take advantage of Tennessee’s new and traditional upcoming sales tax holidays.
Consistent with state lawmakers’ record of cutting taxes, this year the Tennessee General Assembly approved a new sales tax holiday to eliminate the tax on groceries for the entire month of August.
Senator Powers says the new tax cut on groceries is intended to provide relief to Tennesseans amid rising inflation and food costs.
“These tax cuts enable Tennesseans to keep more of their hard-earned money and help provide financial relief as the cost of goods continue to rise due to inflation,” said Powers. “I was happy to support this tax cut and urge all citizens to take advantage of the financial savings.”
The month-long grocery sales tax holiday in August applies to food and food ingredients. However, it does not include prepared food, alcohol, dietary supplements, tobacco or candy. The state will replace local revenue lost, so local governments’ budgets will not be affected by this tax reduction.
Tennessee’s traditional sales tax holiday weekend occurs before students go back to school each year and exempts sales tax on clothing items $100.00 or less, school and art supplies $100.00 or less, and computers for personal use that are $1,500 or less.
“The back-to-school sales tax holiday helps parents, students, and teachers with expenses in preparation for the fall semester. Inflation has hit almost every area of the economy and families will no doubt see higher costs when shopping for back-to-school items this year. I am pleased we are continuing this holiday to provide even more relief to families. I hope all citizens will take advantage of this relief and also shop at local businesses to support jobs and our Tennessee small businesses,” added Powers.
In addition, Powers said legislation passed by the General Assembly this year provided a sales tax holiday on gun safes and safety devices. The year-long holiday began on July 1st, 2022, and ends on June 30th, 2023, and helps encourage safe storage of firearms.
For more information about these sales tax holidays, visit www.tntaxholiday.com.