TN SB2326 | 2023-2024 | 113th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 30 2024 - 25% progression, died in committee
Action: 2024-03-01 - Assigned to General Subcommittee of Senate Energy, Ag., & Natural Resources Committee
Pending: Senate Energy, Agriculture and Natural Resources Committee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on January 30 2024 - 25% progression, died in committee
Action: 2024-03-01 - Assigned to General Subcommittee of Senate Energy, Ag., & Natural Resources Committee
Pending: Senate Energy, Agriculture and Natural Resources Committee
Text: Latest bill text (Draft #1) [PDF]
Summary
As introduced, authorizes Clay County to increase the severance tax rate from 15 cents up to 45 cents; annually adjusts the maximum tax rate based on the percentage of change in the average consumer price index (all items-city average) as published by the United States department of labor, bureau of labor statistics; requires changes in the tax rate to be passed by a two-thirds majority vote of the county legislative body. - Amends TCA Title 67, Chapter 7, Part 2.
Title
AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 7, Part 2, relative to the severance tax.
Sponsors
| Sen. Ken Yager [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-03-01 | Senate | Assigned to General Subcommittee of Senate Energy, Ag., & Natural Resources Committee |
| 2024-02-01 | Senate | Passed on Second Consideration, refer to Senate Energy, Ag., and Nat. Resources Committee |
| 2024-01-31 | Senate | Introduced, Passed on First Consideration |
| 2024-01-30 | Senate | Filed for introduction |
Same As/Similar To
HB2151 (Crossfiled) 2024-03-13 - Taken off notice for cal in s/c Cities & Counties Subcommittee of Local Government Committee
