Sales tax; reduce rate on retail sales of certain food.

HB 734 would reduce Mississippi's sales tax rate on most grocery items (like fresh produce, meat, and dairy) from 7% to 3.5% for purchases not made using food stamps. This applies to food that would normally be exempt from sales tax if bought with food stamps, such as standard groceries. The bill amends Mississippi's tax code to set this new 3.5% rate, effective July 1, 2025. Retailers selling these items would collect the lower tax, potentially reducing costs for shoppers who don't use food stamps.