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County lobbyist reports progress on mineral severance bill, outlines concerns about proposed real estate transfer tax
Summary
A county lobbyist said a mineral severance tax bill has passed two House committees and described a proposed real estate transfer tax estimated to generate about $145 million statewide and roughly $9 million for Rutherford County, though funding and lottery revenue uncertainty remain.
A county lobbyist told Rutherford County’s steering committee that a mineral severance tax bill the county has tracked has passed two House committees and is advancing, and that a proposed real estate transfer tax is under refinement and remains controversial because of questions about sustainable funding.
The lobbyist said the mineral severance tax bill "has passed two committees so…
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