Tennessee HB1517 amends the mineral severance tax to require annual reports on revenue and expenditures for county road maintenance.
Tennessee HB1517 amends Tennessee Code Annotated, Section 67-7-207, concerning the mineral severance tax. The bill mandates that revenues from the tax be credited to the county road fund and used for construction, maintenance, and repair of county roads. Counties must submit annual written reports detailing the revenue deposited into the county road fund, expenditures, and how funds were used for road maintenance. These reports are subject to audit by the comptroller of the treasury.
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