Sales tax on food, limit on local rate reduction and growth requirement removed

HB 387 revises the rules for how local governments can adjust their sales tax on food. Currently, counties and municipalities can reduce their local sales tax rate on food by a maximum of 25%, but only if their general fund grew by over two percent in the prior year. This bill would eliminate both that 25 percent limit on the rate reduction and the requirement to meet the growth target. This change would give county and municipal governing bodies more flexibility in setting their local sales tax rates on food.