TO AMEND THE LAW CONCERNING THE TAXES APPLICABLE TO LITHIUM EXTRACTION AND DEVELOPMENT; TO PROVIDE A SALES AND USE TAX EXEMPTION FOR LITHIUM RESOURCE DEVELOPMENT; AND TO AMEND THE LAW CONCERNING THE SEVERANCE TAX ON LITHIUM.
Senate Bill 568 amends laws concerning taxes on lithium extraction and development, including establishing a sales and use tax exemption for lithium resource development. It also modifies the distribution of severance taxes, specifically detailing how funds collected from salt water are allocated. The bill creates a tiered system where portions of these salt water severance taxes are directed to state general revenues. A significant share is also allocated to county road funds, distributed based on where the tax was generated. This impacts companies involved in lithium development and the funding available for state and local government services.
Bill status
signed
all 5 stages cleared
Introduction
Mar 2025
Committee Review
Apr 2025
Senate Passage
Apr 2025
House Passage
Apr 2025
Signed into Law
Apr 2025
Introduced Mar 27, 2025
Signed Apr 23, 2025
Maddy AI version diff · 1 comparison
What changed between versions
Act 1012
→
SB 568
·
1 edit
MINOR
The bill text shows minor formatting and indentation adjustments to the definition of 'Lithium, cathode, anode, lithium battery, and grid storage facility equipment' without substantive policy changes. The content remains identical, with only whitespace modifications to align text within the legislative document.
TECHNICAL
Indentation and spacing were adjusted in the definition of equipment and materials used for lithium processing and battery facility development, but the actual policy language and requirements remain unchanged.
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
30
Key actions
8
Committee
6
Apr 23, 2025
Signed into law
Notification that SB568 is now Act 1012
upper
Apr 15, 2025
Upper · Passed
Returned from the House as passed.
upper
Apr 15, 2025
Lower · Passed
Returned to the Senate as passed.
lower
Apr 15, 2025
Lower · Passed
Read the third time and passed and ordered transmitted to the Senate.
lower
Apr 14, 2025
Lower · Passed
Returned by the Committee Do Pass
lower
Apr 10, 2025
Upper · Passed
Read the third time and passed.
upper
Apr 9, 2025
Upper · Passed
Returned by the Committee, with the recommendation that it Do Pass
upper
Apr 9, 2025
Committee
Re-referred to REVENUE & TAX - SENATE
upper
Apr 8, 2025
Upper · Passed
Returned by the Committee, with the recommendation that it Do Pass
upper
Apr 8, 2025
Committee
Re-referred to REVENUE & TAX - SENATE
upper
Apr 1, 2025
Committee
Re-referred to REVENUE & TAX - SENATE
upper
Mar 27, 2025
Introduced
Filed
upper
2 primary · 6 co-sponsors
Sponsors
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