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SB 1593

Taxes, Severance - As introduced, 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 67-7-207.

114th Regular Session (2025-2026) Introduced by Adam Lowe

Extends the mineral severance tax report deadline to 90 days, removes the Comptroller as a report recipient, and requires audit of the reports by the Comptroller.

Pub. Ch. 825
#severance #taxes
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WeVote Research Nonpartisan
Bill Summary · SB 1593

Summary: SB 1593 (HB 1517) – Taxes, Severance (Tennessee, 114th General Assembly)

Purpose and intent

  • Extends the deadline for counties receiving mineral severance tax revenue to submit their annual reports.
  • Removes the Comptroller of the Treasury (COT) as a recipient of those reports.
  • Requires the annual reports to be audited by the Comptroller.

Key provisions

1) Revenue and use
- Revenues from mineral severance taxes (sand, gravel, sandstone, chert, limestone) are credited to the county road fund and used for the construction, maintenance, and repair of the county road system.

2) Reporting deadline
- The deadline for counties to submit the annual report is extended from 30 days to 90 days after the end of the county’s fiscal year.

3) Report recipients and audit
- The annual report must be submitted to:
- The Commissioner of the Department of Transportation (TDOT)
- The chair of the Senate Transportation and Safety Committee
- The chair of the House committee with jurisdiction over transportation issues
- The Comptroller of the Treasury is removed as a recipient.
- The annual reports are subject to audit by the Comptroller of the Treasury.

4) Effective date
- The act takes effect upon becoming law (public welfare requiring it).

Who is affected

  • Counties receiving mineral severance tax revenues (from the specified minerals) and depositing them into the county road fund.
  • State agencies and legislative committees involved in transportation oversight (TDOT, Senate Transportation and Safety Committee, House Transportation Committee chairs) will receive the longer-form annual reports.
  • The Comptroller of the Treasury will audit the annual reports (but is no longer a recipient of the reports itself).

Procedural and timeline considerations

  • Reporting timeline: 90 days after fiscal year end (up from 30 days).
  • Reporting recipients: TDOT and two legislative committee chairs (remains the same; COT is removed as a recipient).
  • Audit: Annual reports remain subject to audit, now explicitly by the Comptroller of the Treasury.
  • Law effective: Immediately upon signature into law.

Fiscal impact

  • Fiscal note indicates: Not significant. The changes neither increase state/local expenditures substantially nor alter overall duties beyond extending reporting deadlines, removing one recipient, and codifying COT audit of the reports.

Additional context

  • This aligns reporting practices with existing severance tax revenue flows to county road funds and leverages the Comptroller’s audit role, while reducing the administrative burden of sending reports to an additional recipient (COT).

Compiled from official sources — confirm details with the bill’s official record.

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