SB327 Summary

• Amends Coosa County severance tax law to explicitly include graphite as a separately taxed mineral, excluding it from the "earthen materials" definition.

• Establishes a $5 per ton excise and privilege tax on graphite producers, compared to $0.25 per ton on earthen materials producers.

• Requires producers to file monthly reports with the State Department of Revenue within 20 days of each month's end, reporting tonnage severed and taxes due for both earthen materials and graphite.

• Authorizes Coosa County Commission to assess additional mining fees on producers of minerals other than earthen materials, with required four-week public notice prior to implementing such fees.

• Repeals Section 45-19-244.07, eliminating the previous expiration provision for the county's severance tax; makes the act effective immediately upon passage and gubernatorial approval.