A decrease in the tax rate on groceries is expected to bring savings to families. The new rate of 1.75% will apply to certain food items. This change is anticipated to result in average annual savings of about $72 per family.

Further details are available on the implementation of this tax reduction. The combined tax rate will include a state tax component.

The tax rate change is scheduled to take effect on November 1, affecting the tax paid on food and food ingredients.