NASHVILLE, Tenn. (WKRN) — Governor Bill Lee announced Thursday a proposal for a 30-day suspension of state and local grocery sales tax to provide direct financial relief to Tennesseans amid surging inflation nationwide, according to a release.
“As Americans see their cost-of-living skyrocket amid historic inflation, suspending the grocery tax is the most effective way to provide direct relief to every Tennessean,” said Gov. Lee. “Our state has the ability to put dollars back in the pockets of hardworking Tennesseans, and I thank members of the General Assembly for their continued partnership in maintaining our fiscally conservative approach.”
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Gov. Lee’s proposal to suspend state and local sales tax on groceries for 30 days will be included in the Fiscal Year 2022-2023 budget amendment, which will be delivered on Tuesday, March 29.
According to a release, Lee will host a roundtable with business leaders in Covington Thursday to discuss the tax cut proposal and hear about the local impacts of nationwide economic challenges.
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This is a developing story. WKRN News 2 will continue to update this article as new information becomes available.