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City staff: proposed grocery-tax and property-tax cap bills are stalled; local revenue exposure quantified
Summary
City budget staff reported two state-level grocery-tax measures and a property-tax cap are unlikely to proceed this year; staff estimated impacts of the grocery proposals at under $6 million (targeted healthy-food exemption) to about $16.5 million (full grocery tax elimination).
Dr. Acuff told the working group that recent state proposals that would change local sales-tax collections are effectively dead for the year. "The spoiler is both of these bills are effectively dead for the year," he said, summarizing committee action on both the Healthy Tennessee Grocery Tax Reform and a proposal to eliminate sales tax on groceries.
Staff presented rough fiscal estimates: a narrowly targeted…
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