NASHVILLE, Tenn. (AP) -- A proposal to make lowering the sales tax on groceries contingent on whether there's a surplus in state revenue has failed.
The measure sponsored by Democratic Senate Minority Leader Jim Kyle of Memphis failed to get a majority vote in the Senate Finance Committee on Wednesday. The companion bill is awaiting a vote in a House subcommittee.
Under the legislation, half of the surplus would go toward student assistance awards.
Gov. Bill Haslam plans to trim the sales tax on groceries by one-quarter percent, down to 5.25 percent, in the budget year beginning July 1, which is projected to cost $21 million.
Haslam has said he wants to drop the sales tax on groceries to 5 percent in the next budget year.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.