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2013 SESSION

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SB 918 Coal severance taxes, local; establishes gross income for certain purposes. Emergency.

Introduced by: Phillip P. Puckett | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Local coal severance taxes. Establishes gross receipts for purposes of the local coal severance tax by providing that the only deduction allowed from gross receipts is for non-local transportation and processing costs of coal. The bill establishes a one percent tax on the gross receipts from coal severed from the earth by coal producers, except that the gross receipts tax on coal from mines that sell less than 10,000 tons of coal per month is three-quarters of one percent. The bill also moves the local coal severance taxes out of Chapter 37 of Title 58.1, which sets forth local license tax laws. The bill is identical to HB 2100.

SUMMARY AS PASSED SENATE:

Local coal severance taxes. Establishes gross receipts for purposes of the local coal severance tax by providing that the only deduction allowed from gross receipts is for non-local transportation and processing costs of coal. The bill establishes a one percent tax on the gross receipts from coal severed from the earth by coal producers, except that the gross receipts tax on coal from mines that sell less than 10,000 tons of coal per month is three-quarters of one percent. The bill also moves the local coal severance taxes out of Chapter 37 of Title 58.1, which sets forth local license tax laws.

SUMMARY AS INTRODUCED:

Local coal severance taxes. Establishes gross income for purposes of the local coal severance taxes by providing that (i) no exclusions from gross income are allowed for rents and royalty payments and (ii) any value added by processing or transportation taking place in another locality is excluded from gross income. The bill establishes a reduced gross income tax of one-half of one percent for small mines. The bill moves the local coal severance taxes out of Chapter 37 of Title 58.1, which sets forth local license tax laws.

The local coal severance taxes would be applied to the gross income from mining of persons severing coal within the county or city.