Governor Haslam has announced that he is targeting the reduction of the Tennessee state sales tax rate on food purchases. Currently, the rate stands at 5.5 percent, and he is asking for that rate to be lowered to 5.3%, with the eventual goal of getting the rate down to 5% in 3 years time. As part of this proposal, he is also looking to gradually raise the state inheritance tax from $1 million to $1.25 million, and eventually up to $5 million. Haslam has many proposals and ideas on the table currently, and looks to have some support behind him as well.
- Support & Learning
- Shop All Products
Visit Our Store to Shop All Products
Browse popular products from the tax and accounting brands you rely on.
- Shop Quickfinder Bundles
Shop Quickfinder Bundles
The more you buy, the more you save with our quantity discount pricing.
- Shop By Practice Area Shop By Practice Area
- Your Accounts
- My Cart (0)
- Product Logins