Taxes, Exemption and Credits - As introduced, exempts the retail sale of food and food ingredients from the sales tax if sold to a person who is 65 or older and a Tennessee resident. - Amends TCA Section 67-6-228.

SB 2603 would exempt the retail sale of food and food ingredients from Tennessee's sales tax when purchased by residents aged 65 or older who live in Tennessee. This policy change directly affects senior citizens who shop for groceries and cooking ingredients at retail stores. The bill amends state tax code to add this exemption, covering standard grocery items but not prepared meals (as defined under existing law). The exemption would take effect on July 1, 2026.