HB540
Sales and use tax; exemption for food purchased for human consumption & essential personal hygiene.
Summary
As Introduced. Sales tax; exemption for food purchased for human consumption and essential personal hygiene products.
Provides an exemption from local sales and use tax beginning July 1, 2024, for food purchased for human consumption and essential personal hygiene products. The bill also provides an allocation of state revenues to fund the distribution to localities for funding that would have been distributed to them absent the ... (More) exemption created by the bill. Under current law, such products are exempt from state sales and use tax but are subject to the standard local rate of one percent. (Less)-
Bill History
- 01/09/2024 - House: Prefiled and ordered printed; offered 01/10/24 24101582D
- 01/09/2024 - House: Referred to Committee on Finance
- 01/17/2024 - House: Impact statement from TAX (HB540)
- 02/02/2024 - House: Assigned Finance sub: Subcommittee #2
- 02/06/2024 - House: Subcommittee recommends continuing to 2025
- 02/07/2024 - House: Continued to 2025 in Finance
