Adjusts the mineral tax rates for sand, gravel, sandstone, chert, or limestone in Unicoi County, Tennessee.

The bill amends the mineral tax rates for sand, gravel, sandstone, chert, or limestone in Unicoi County, Tennessee. The tax rates will increase incrementally over time, starting at 15 cents per ton before July 1, 2025, then 20 cents per ton before July 1, 2030, 25 cents per ton before July 1, 2035, and 30 cents per ton thereafter. The tax applies to the severance of these minerals from the earth and becomes a lien on the minerals and related property. The tax must be approved by a two-thirds vote of the Unicoi County legislative body.

Adjusts the mineral tax rates for sand, gravel, sandstone, chert, or limestone in Unicoi County, Tennessee.

The bill amends the mineral tax rates for sand, gravel, sandstone, chert, or limestone in Unicoi County, Tennessee. The tax rates will increase incrementally over time, starting at 15 cents per ton before July 1, 2025, then 20 cents per ton before July 1, 2030, 25 cents per ton before July 1, 2035, and 30 cents per ton thereafter. The tax applies to the severance of these minerals from the earth and becomes a lien on the minerals and related property. The tax must be approved by a two-thirds vote of the Unicoi County legislative body.