Henry County - Subject to local approval, levies a severance tax on clay, titanium, and any other substance commonly recognized as a mineral not already taxed by this state; requires revenue from such tax to be used exclusively for the construction, maintenance, and repair of the county road system. -

HB 2639 allows Henry County, Tennessee, to impose a severance tax on the extraction of clay, titanium, and other untaxed minerals within its borders. This tax directly affects mineral extraction companies and landowners operating mines in Henry County. The bill sets the tax rate to match Tennessee’s maximum per-ton mineral tax rate (under §67-7-203), with automatic adjustments if state law changes, and requires all collected revenue (minus administrative costs) to fund only county road construction, maintenance, and repairs. The tax becomes effective only if Henry County’s legislative body approves it with a two-thirds vote.