Taxes, Exemption and Credits - As introduced, establishes a sales tax holiday on food and food ingredients and on prepared food from July 1, 2026, through September 30, 2026, if purchased by a person at least 65 years of age. - Amends TCA Section 67-6-228 and Title 67, Chapter 6, Part 3.

HB 1486 would create a temporary sales tax exemption for food and food ingredients in Tennessee, specifically for residents aged 65 or older. The exemption applies to purchases made between July 1 and September 30, 2026, during which time these items would be tax-free. The bill excludes sales from micro markets or vending machines, and amends Tennessee’s tax code (Sections 67-6-228 and 67-6-393) to implement this change. This policy directly affects senior citizens in Tennessee who shop for eligible food items during the specified period.