Amends Chapter 270 of the Private Acts of 1982.
Tennessee HB2660 proposes to increase the mineral severance tax from 15 cents to 20 cents per unit, contingent upon local approval. This bill affects mineral extraction operations within the jurisdiction that opts to implement the tax increase. The key provision is the adjustment of the tax rate in accordance with established statutory guidelines.
Tennessee HB2660 proposes to increase the mineral severance tax from 15 cents to 20 cents per unit, contingent upon local approval. This bill affects mineral extraction operations within the jurisdiction that opts to implement the tax increase. The key provision is the adjustment of the tax rate in accordance with established statutory guidelines.
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