SB380:

Sales tax; exemption for food purchased for human consumption & essential personal hygiene products.

Bill Summary:

Sales tax; exemption for food purchased for
human consumption and essential personal hygiene products. Exempts
food purchased for human consumption and essential personal hygiene
products (the grocery tax) from all state, regional, and local sales
taxes. The bill dedicates state sales tax revenue to provide a supplemental
school payment to counties and cities. For fiscal year 2023, the
payment is the county or city's fiscal year 2022 distribution of
revenue from the grocery tax. For fiscal year 2024 and after, the
payment is the previous year's payment multiplied by the county or
city's local sales tax index, defined in the bill as the ratio by
which sales tax revenues in a county or city for the current year
exceed the previous year's revenues.