What is the Tennessee tax rate for sales tax?

The Tennessee tax rate for sales tax is 7%. This rate applies to most tangible personal property, including retail sales, leases, and rentals. However, there are a few exceptions where different rates may apply. For example, the tax on food and food ingredients is lower at 4%. Additionally, local option taxes may be applicable in some areas, which would increase the overall tax rate. It is important to note that certain items, such as prescription drugs and residential utilities, are exempt from sales tax altogether. To determine the exact tax rate for a specific location or transaction type, it is recommended to consult the Tennessee Department of Revenue or refer to their comprehensive tax guide available on their website.