Bill > SB1593

This bill modifies reporting requirements for counties regarding mineral severance tax revenue, which is a tax levied on the extraction of minerals. Specifically, it extends the deadline for counties to submit an annual report detailing how this revenue, deposited into their county road fund for road construction, maintenance, and repair, has been used. Previously, this report was due within 30 days after the end of a county's fiscal year; now, counties will have 90 days to submit it. The bill also removes the Comptroller of the Treasury as a direct recipient of this report, though the reports will still be subject to audit by the Comptroller. The report is to be submitted to the Commissioner of Transportation and the chairs of the relevant transportation committees in the State Senate and House of Representatives.