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Tennessee House Approves Sales Tax Decrease On Groceries

The Tennessee House has unanimously approved a proposal to cut the state’s sales tax on groceries.

The Memphis Business Journal reports that the proposal was put forward by Gov. Bill Haslam. If approved by the Senate, Tennessee’s sales tax on groceries will decrease from 7 percent to 5 percent.

The decrease is expected to cost state coffers about $23 million.

 

 

 

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