The Month of August is Tax-Free for Groceries
Memphis Cash Saver
Many of us have had to make some budget adjustments regarding the grocery portion of our bills lately. The inflation we are currently experiencing has not been seen in this nation in forty years. Not to mention prices at the pump are also at an all-time high.
Governor Bill Lee announced the proposal for a 30-day suspension of local and state grocery sales tax to provide direct financial relief to Tennesseans amidst surging inflation nationwide. The state lawmakers passed the particular item in the budget that suspends sales and state tax on most groceries for the entire month of August, beginning on August 1 and ending at 11:59 pm on August 31st.