Jellico - Subject to local approval, authorizes the levy of a privilege tax, not to exceed two percent, on the purchase of prepared food from restaurants. - Amends Chapter 91 of the Private Acts of 2008.

This bill authorizes the city of Jellico to impose a privilege tax of up to two percent on the purchase of prepared food from qualifying restaurants. The tax would apply only to establishments that sold at least $200,000 in food to consumers in the state during the previous year and must be approved by a two-thirds vote of the city council after a public hearing. Any revenue collected from this tax must be used specifically to pay debt service on capital projects funded by the city. If the city council does not approve the tax by the specified deadline, the bill will not take effect.