ETF Rolling Reserve Act Summary

Sales Tax on Food Before Act 2023-554 "No definition of food in the state sales and use tax statutes "No separate state tax rate for food ▪Food was subject to the general 4% state sales and use tax rate for "all other" tangible personal property "Local sales and use tax base required to be the same as state base per Local Tax Simplification Act, so food subject to local general rate as well ▪Local governments did not have the authority to define food or exempt it from their sales and use tax, or to lower the sales and use tax rate on food 37

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