NASHVILLE - State Senator Shane Reeves (R-Murfreesboro) is encouraging local residents to take advantage of Tennessee’s upcoming sales tax holidays, set to begin July 28 with the state’s …
NASHVILLE - State Senator Shane Reeves (R-Murfreesboro) is encouraging local residents to take advantage of Tennessee’s upcoming sales tax holidays, set to begin July 28 with the state’s annual back-to-school tax-free weekend. A three-month-long suspension on grocery sales tax begins Aug. 1.
Reeves supported the legislative effort in the General Assembly to pass the largest tax cut in Tennessee history this year.
The Tennessee Works Tax Act provides more than $404 million in savings for families and small businesses. These reforms will lower the tax burden on small businesses, boost Tennessee’s economic competitiveness, encourage entrepreneurship and provide financial relief for families amid rising food costs.
“With the cost of living continuing to rise due to historic inflation, we are returning hard-earned dollars back to our citizens,” said Sen. Reeves. “Tennessee is a pro-business, pro-family state that has prospered under conservative stewardship. I am committed to keeping taxes low and creating the best possible opportunities for all citizens to prosper.”
The state’s annual back-to-school tax-free weekend, Friday, July 28 through Sunday, July 30 provides an additional $10 million tax cut. Eligible purchases include clothing and shoes valued at $100 or less, school or art supplies costing $100 or less and computers for personal use priced at $1,500 or less.
The Tennessee General Assembly has cut more than $2.4 billion in state taxes since 2011. For information about the sales tax holidays for 2023 and a complete list of exempt and non-exempt items, visit www.tntaxholiday.com.
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