Amends Chapter 270 of the Private Acts of 1982.
Tennessee SB2718 proposes to increase the mineral severance tax from 15 cents to 20 cents, subject to local approval. This change affects entities engaged in mineral extraction within the jurisdiction where the tax is applied. The bill aligns the tax adjustment with existing statutory guidelines governing mineral severance taxation.
Tennessee SB2718 proposes to increase the mineral severance tax from 15 cents to 20 cents, subject to local approval. This change affects entities engaged in mineral extraction within the jurisdiction where the tax is applied. The bill aligns the tax adjustment with existing statutory guidelines governing mineral severance taxation.
Track Tennessee Legislation Like a Pro
Join hundreds of professionals using LegisGo to stay ahead of legislative changes.
Instant Alerts
Get notified when bills you track move through the legislature
AI Summaries
Understand complex legislation in seconds with AI-powered analysis
Full Access
All 132 legislators, committee schedules, and voting records