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Committee approves local mineral severance tax increase authorized by state law

5115701 · July 1, 2025
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Summary

Committee members voted 10-0 to adopt a resolution implementing a state-authorized increase in the local mineral severance tax, raising the levy in line with recently passed state legislation; projected FY26 revenue impact was provided by finance staff.

The Budget & Finance Committee on June 30 approved RS 2025-1327, an amendment to increase the local mineral severance tax under recently enacted state law; the motion passed 10-0.

Council member Heltman summarized the action and its fiscal effect, stating that the Tennessee General Assembly passed…

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