HB0064            Monthly payment of ad valorem tax on mineral production.

Sponsored by: Joint Revenue Interim Committee

AN ACT relating to ad valorem taxation of mineral production; providing for monthly payment of ad valorem taxes on mineral production commencing January 1, 2019; providing a process for reporting, payment, reconciliation and distribution of the monthly ad valorem tax; providing legislative findings; providing a revised payment schedule for the transition period; requiring a report; and providing for an effective date.

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