Bill > HB1486

This bill establishes a temporary sales tax holiday specifically for individuals aged 65 and older, exempting them from paying sales tax on purchases of food and food ingredients, as well as prepared food, during the period of July 1, 2026, through September 30, 2026. The term "food and food ingredients" generally refers to items intended for consumption, while "prepared food" typically includes items ready to eat. This exemption, however, will not apply to sales made through micro markets or vending machines or devices. The bill amends Tennessee Code Annotated, Section 67-6-393(j), and will take effect upon becoming law.