US EditionWhite Co. Passes Mineral Severance Tax Plan
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White Co. Passes Mineral Severance Tax Plan
White County Commissioners passed a new Mineral Severance Tax Plan from the state that will tax the extraction and production of non-renewable materials. Commissioner T.K. Austin said the plan will set the tax rate at 15 cents per ton starting in July. It will then increase by five cents every five years until 2035. Austin said the money collected from the tax plan will go to the county’s highway department. “We had tried bringing in a couple of…
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