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Chief Sponsor:

Bo Watson

Tagged in: Revenue, Dept. Of, Taxes, Sales

Latest Update: Tuesday, October, 07th 2008

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Companion Bill HB3287.

Taxes, Sales - Redefines "candy" as "food or food ingredients" for tax purposes. - Amends TCA Title 67, Chapter 4 and Title 67, Chapter 6.

Fiscal Summary for *SB2783 / HB3287

Decrease State Revenue - Net Impact - $6,275,100 Decrease Local Govt. Revenue - $302,100


Bill Summary for *SB2783 / HB3287

Present law levies a tax of 5.5 percent on food and food ingredients for human consumption. Prepared food, alcoholic beverages, candy, dietary supplements, and tobacco are not considered food and food ingredients for purposes of the reduced sales tax amount and are therefore taxed as personal property at a rate of 7 percent of the sales price.

This bill redefines "food or food ingredients" to include candy, thereby making it eligible for the 5.5 percent sales tax rate.



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Latest Actions
  • 05/09/2008 - Assigned to Gen. Sub of Senate F,W&M Comm.
  • 02/12/2008 - Referred to Senate F,W&M Comm. w/o recommend
  • 02/05/2008 - Placed on Senate Tax Sub Committee of F,W&M. Calendar for 02/12/2008
  • 01/29/2008 - Referred to Senate Tax Sub Comm.
  • 01/17/2008 - Passed second consideration, Referred to Senate Finance, Ways and Means Comm.

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Bill Text
File name Last Updated
SB2783 Bill Text PDF01/16/2008

Fiscal Notes
File name Last Updated
SB2783 Fiscal Notes PDF02/05/2008