HB2660

Levies a severance tax on sand, gravel, clay, and other minerals in Weakley County, Tennessee.

The bill imposes a severance tax of twenty cents per ton on sand, gravel, clay, and other minerals extracted for commercial purposes in Weakley County, Tennessee. This tax does not apply to minerals already taxed under Tennessee Code Annotated, Sections 67-7-101 through 67-7-110. The tax becomes due when the minerals are severed from the earth and transported from the mine, regardless of where they are processed or sold. The tax lien takes precedence over all other judgments, encumbrances, or liens.