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Bill > HB2278


TN HB2278

TN HB2278
AN ACT to amend Tennessee Code Annotated, Title 5; Title 59 and Title 67, Chapter 7, relative to severance taxes.


summary

Introduced
01/29/2024
In Committee
02/13/2024
Crossed Over
Passed
Dead
04/25/2024

Introduced Session

113th General Assembly

Bill Summary

As introduced, increases, from .15 to .45 per ton, the maximum severance tax a county legislative body may impose. - Amends TCA Title 5; Title 59 and Title 67, Chapter 7.

AI Summary

This bill increases the maximum severance tax that a county legislative body in Tennessee may impose on sand, gravel, sandstone, chert, or limestone severed from the ground in the county, from 15 cents to 45 cents per ton. The bill amends Titles 5, 59, and 67, Chapter 7 of the Tennessee Code Annotated, and takes effect on July 1, 2024.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Taken off notice for cal in s/c Cities & Counties Subcommittee of Local Government Committee (on 03/13/2024)

Bill Topics

Banking, Finance, and Domestic Commerce
  • ‐ Mining and Extractive Industry Regulation
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

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