modify the distributions of revenues collected from severance taxation on new permits.

Summary

The legislation revises the distribution formula for taxes collected on new precious‑metal severance permits. It sets an 80%/20% split between the state general fund and the county where the mining occurs for permits issued after 1981, with special rules for older operators and for permits issued after July 1 2026. Revenues from state‑owned lands go to the common school permanent fund, and counties must receive their share each month.

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