Tennessee HB 243: Taxes, Exemption and Credits - As introduced, exempts the retail sale of food and food ingredients from the sales tax if sold to a person who is 70 years of age or older during the period beginning July 1, 2023, and ending September 30, 2023. - Amends TCA Section 67-6-228 and Title 67, Chapter 6, Part 3.

Bill Text

SENATE BILL 1352
By Hensley

HOUSE BILL 243
By Hale

HB0243
001437
- 1 -

AN ACT to amend Tennessee Code Annotated, Section
67-6-228 and Title 67, Chapter 6, Part 3, relative
to taxation.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 67-6-393(j), is amended by
designating the first sentence of the existing language as subdivision (1), designating the last
sentence of the existing language as subdivision (3), and adding the following as a new
subdivision (2):
(2) There is exempt from the tax imposed by this chapter the retail sale of food
and food ingredients, as defined in § 67-6-102, if sold:
(A) To a person who is seventy (70) years of age or older; and
(B) Between 12:01 a.m. on July 1, 2023, and 11:59 p.m. on September
30, 2023.
SECTION 2. This act takes effect July 1, 2023, the public welfare requiring it.