AN ACT relating to severance taxes.

Summary

HB 133 changes the state's severance tax statutes by removing taxes on fluorspar, lead, zinc, barite, and on rock, limestone, or gravel used for privately maintained public roads or for agricultural limestone that qualifies for a sales‑tax exemption. It also updates key terms—such as natural resource, taxpayer, gross value, processing, and transportation expense—to guide how the tax is calculated. The changes mainly affect mining and processing companies that handle these minerals or use the exempted materials.

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