Taxes, Severance - As enacted, extends from 30 to 90 days, the time following the end of a county's fiscal year within which a county must submit an annual report to the commissioner of transportation and the chairs of the house and senate transportation committees regarding mineral severance tax revenue the county deposits into its county road fund; removes the comptroller of the treasury as a recipient of the report; subjects the report to audit by the comptroller. - Amends TCA Section 67-7...

Summary

The bill extends the deadline for counties to report mineral severance tax revenues deposited in their road funds from 30 to 90 days after the county fiscal year ends. Reports must be sent to the Tennessee commissioner of transportation and the chairs of the Senate and House transportation committees, and the comptroller of the treasury will audit them. The comptroller is no longer a direct recipient of the report.

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