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Tennessee HB1881

Taxes, Severance - As introduced, reallocates all oil and gas severance tax revenue to the county in which the oil or gas well was located, less collection and administration costs retained by the department of revenue; currently, the county in which the well was located receives 1/3 of revenue and the state receives the other 2/3. - Amends TCA Title 60, Chapter 1, Part 3.