From WKRN in Nashville: Some lawmakers are hoping to ease the burden of mothers and families in Tennessee. Sen. Ferrell Haile (R-Gall
From WKRN in Nashville: Some lawmakers are hoping to ease the burden of mothers and families in Tennessee.
Sen. Ferrell Haile (R-Gallatin) and Rep. Johnny Garrett (R-Goodlettsville) have put forth companion bills in both the House and Senate that would forever make baby diapers, infant formula, and baby wipes tax-exempt purchases in Tennessee.
Garrett said, “It provides continuing relief from the taxes that are associated with those purchases for mothers and families. It’s another way we can find to put money back in the pockets of Tennesseans.”
The bill also makes it clear that the exemption would only apply to “infant formula and diapers and wipes designed to be used by infants and children.
Haile and Garrett’s proposal is estimated to cost the state $16.7 million in tax revenue per year, according to the state’s Fiscal Review Committee. Additionally, it is estimated to decrease local revenues by $7.3 million each year.
The Senate version of the bill failed to receive a positive recommendation from its initial subcommittee hearing yesterday afternoon and was forwarded to the Senate Finance, Ways & Means Committee.
The House version of the bill has been assigned to the House Finance, Ways & Means Subcommittee.
