Bill Title: As introduced, reallocates all oil and gas severance tax revenue to the county in which the oil or gas well was located, less collection and administration costs retained by the department of revenue; currently, the county in which the well was located receives 1/3 of revenue and the state receives the other 2/3. - Amends TCA Title 60, Chapter 1, Part 3.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-04-18 - Taken off notice for cal in s/c Finance, Ways & Means Subcommittee of Finance, Ways & Means Committee [HB1881 Detail]

Text: Latest bill text (Draft #2) [PDF]

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