On May 11, Gov. Lee signed the Tennessee Works Tax Act (SB275/HB323), the single largest tax cut in state history, to provide more than $400 million in savings for Tennessee families and businesses while supporting future economic growth. The legislation includes $273 million for a one-time, three-month sales tax holiday on grocery items to direct relief for Tennessee families from August 1 through October 31.

Gov. Lee appreciates the support of the General Assembly to continue our state’s history of strong fiscal stewardship and savings for Tennessee taxpayers:

“In Tennessee we are committed to low taxes. We believe that Tennessee businesses and citizens are in the best position to decide how to spend their own money, and these tax-cuts demonstrate that we practice what we preach,” said Senate Majority Leader Jack Johnson. “I applaud Governor Lee for this bold measure to provide more growth opportunities for businesses and financial relief for families on everyday expenses. We are proud to be one of the lowest taxed states in the nation, and this move to further cut taxes strengthens our dedication to being a pro-business and pro-family state with low taxes.”