Exempts the retail sale of food from state sales and use tax

This bill proposes to eliminate the state sales and use tax on food beginning January 1, 2025, while maintaining a one percent tax rate on food sales through the end of 2024. The tax exemption applies only to items that can be purchased with government nutrition assistance benefits, such as those sold at grocery stores and vending machines. It explicitly excludes prepared foods sold by restaurants, fast food establishments, and cafes where such sales make up more than eighty percent of the business's revenue. Local sales taxes imposed by cities or counties would remain unaffected by this change.