HB0470 - Tennessee - Food And Food Products, Taxes, Exemption And Credits, Taxes, Sales

Companion Bill SB0568. Taxes, Sales - Reduces, from 6 percent to 5.5 percent, the rate of state sales tax levied on certain foods and food ingredients intended for human consumption; designates the weekend of March 21 through March 23, 2008, as a sales tax holiday. - Amends TCA Title 3; Title 4; Title 5; Title 6; Title 7; Title 8; Title 9; Title 12; Title 16; Title 30; Title 36; Title 39; Title 40; Title 45; Title 47; Title 48; Title 49; Title 55; Title 56; Title 57; Title 61; Title 62; Title 67; Title 68; Title 69; Title 70 and Title 71. Fiscal Summary for *HB0470 / SB0568Decrease State Revenues - $23,644,000 / General Fund $53,029,000 / Education Fund $3,741,000 / Earmarked to Local Govt. $299,000 / Department of Revenue $748,000 / Sinking Fund Decrease Local Govt. Revenues - $3,741,000 Bill [...]

show full description