Bill Title: As introduced, provides for the state sales tax on food and food ingredients, which is presently 5.5 percent, being reduced by .5 percent per year in any fiscal year following a year in which the amount of surplus state revenue collected above budgeted estimates exceeds $50 million. - Amends TCA Title 67.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2009-02-18 - Assigned to s/c Budget of FW&M [HB0434 Detail]

Text: Latest bill text (Draft #1) [PDF]

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