(MSC News)--Governor Laura Kelly has announced that consumers in the Sunflower State are projected to see an additional $150 million in savings in 2024 because of the “Axe the Food Tax” legislation she signed in 2022.
According to projections from the Kansas Department of Revenue, the reduction of the state sales tax on groceries from 4% to 2%, which went into effect January 1st, will save shoppers $12.5 million per month in 2024.
Kelly, in release, said the reduction is a step toward eliminating the state sales tax on groceries completely, which will happen in 2025.
In 2023, the state sales tax rate on groceries went down from 6.5% to 4%, saving consumers $187.7 million per year.
By the end of 2024, it is projected that shoppers will have saved more than half a billion dollars in sales tax on groceries over the two years the reduction has been in place.
The state sales tax reduction applies to food, food ingredients, and certain prepared foods. When looking at a receipt, shoppers will see two tax rates, one for qualifying purchases and one for all other items.
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