Tennessee SB0889 amends the mineral severance tax rates and reporting requirements for sand, gravel, sandstone, chert, and limestone.
Tennessee SB0889 amends the mineral severance tax rates for sand, gravel, sandstone, chert, and limestone, setting new rates that increase over time. Counties can set the tax rate but must not exceed specified amounts per ton. Counties must report annually on revenue from these taxes, detailing how it was spent on county road construction, maintenance, and repair. The new tax rates and reporting requirements take effect upon the bill's enactment.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.