Amends TCA Title 67, Chapter 7, Part 2.

Tennessee SB0889 amends the Tennessee Code Annotated regarding the mineral severance tax by removing the existing cap of 15 cents per ton and establishing a new tiered tax rate structure that increases over time, culminating in a maximum rate of 30 cents per ton after July 1, 2035. This bill specifically affects counties that levy a mineral severance tax, including Smith County, by altering how tax revenues can be allocated and requiring annual reporting on the use of these funds. Key provisions include the elimination of the provision allowing Smith County to allocate revenues to various funds and the introduction of a requirement for counties to report on the revenue collected and expenditures made for road maintenance and construction.