Bill Title: As introduced, enacts the "Food and Business Tax Fairness Act" to require combined reporting for franchise and excise tax purposes; reduces sales tax on food from 5.5 percent to 4.5 percent. - Amends TCA Title 67.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2010-04-06 - Ref. to S. F,W&M Comm. w/o recommend [SB0502 Detail]

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

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