SB1593 amends Tennessee's mineral severance tax, directing revenues to the county road fund for local road maintenance.
SB1593 revises Tennessee Code Annotated, Section 67-7-207, concerning the mineral severance tax. The bill mandates that revenues from this tax be credited to the county road fund, intended for the construction, maintenance, and repair of county roads. Additionally, it requires each county receiving such tax revenues to submit an annual written report detailing the tax revenue deposited into the county road fund, the amount spent, and how these expenditures were used for road-related purposes. These reports are subject to audit by the comptroller of the treasury.
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