TN HB2639Tennessee HB2639 allows Henry County to impose a tax on the extraction of minerals like clay and titanium, as long as the local government approves it. The money collected from this tax must be used only for building and maintaining the county's road system.
Supporters of HB2639 would argue that this bill empowers Henry County to generate necessary funds for improving local infrastructure. By taxing mineral extraction, the county can ensure that its roads are well-maintained, which benefits all residents and promotes economic growth.
Critics of HB2639 might contend that imposing a severance tax could discourage mineral extraction businesses from operating in Henry County. They may argue that this tax could lead to higher costs for consumers and limit job opportunities in the area.
The proposed HB2639 bill to levy a mineral severance tax in Henry County could present significant conflicts of interest for its sponsor, Tandy Darby. As a farmer and owner of Darby Farms, Darby's personal financial interests in agriculture may be indirectly affected by the tax on minerals such as clay and titanium, which could influence land use and resource allocation in the county. Furthermore, Darby is affiliated with multiple real estate investment entities, including D AND M REAL ESTATE INVESTMENTS and ALPHA REAL ESTATE INVESTMENTS. These interests align with the bill's financial implications, as the revenue generated from the severance tax is earmarked for the construction and maintenance of the county road system, potentially enhancing property values and development opportunities in the area where his investments lie.
Additionally, Darby's extensive portfolio includes various financial assets that could benefit from increased economic activity resulting from improved infrastructure funded by this tax. The presence of investments in multiple ETFs and corporations, such as MICROSOFT CORP and UNION PACIFIC CORP, suggests a broader financial interest in sectors that could see growth due to enhanced county services. These overlaps indicate a high risk of personal financial gain from the passage of this bill, warranting scrutiny regarding potential conflicts of interest.
Unlike federal analysis based on campaign donations, state analysis examines legislators' personal financial interests — their jobs, businesses, and investments.
| Type | Description | Industry | Source |
|---|---|---|---|
| Occupation | Farmer | Crop Production | AI-researched |
| Employer | Works at Tosh Farms | — | AI-researched |
| Business Owner | Owner of Darby Farms | — | AI-researched |
| Employer | DARBY BROTHERS FARMS | — | TN Ethics Commission |
| Employer | REPURPOSE,LLC | — | TN Ethics Commission |
| Spouse Employer | UBS FINANCIAL SERVICES | — | TN Ethics Commission |
| Employer | GREENFIELD BANKING COMPANY | — | TN Ethics Commission |
| Employer | D AND M REAL ESTATE INVESTMENTS | Real Estate | TN Ethics Commission |
| Employer | ALPHA REAL ESTATE INVESTMENTS | Real Estate | TN Ethics Commission |
| Employer | AKIN AND PORTER PRODUCE | — | TN Ethics Commission |
| Employer | SMP MARKETING | — | TN Ethics Commission |
| Employer | GREENFIELD LASER INDUSTRIES | — | TN Ethics Commission |
| Employer | INNOVATIVE LIVESTOCK SERVICES | — | TN Ethics Commission |
| Employer | SPIRITED INVESTORS II, LLC | — | TN Ethics Commission |
| Employer | THE PRESERVE AT DARBY FARMS | — | TN Ethics Commission |
| Employer | 414 UNION HOLDINGS, LLC | — | TN Ethics Commission |
| Employer | STATE OF TENNESSEE-GENERAL ASSEMBLY | Government | TN Ethics Commission |
| Business Owner | GREENFIELD BANKING COMPANY BOARD OF DIRECTORS from Jan 2016 to current | — | TN Ethics Commission |
| Business Owner | GREENFIELD LASER INDUSTRIES GENERAL PARTNER from Jan 2009 to current | — | TN Ethics Commission |
| Asset | GREENFIELD BANKING CO CD;UBS INSURED SWEEP PROGRAM;INVESCO NATL AMT-FREE MUNICIPAL BOND ETF; ISHARES NATL MUNI BOND ETF; ISHARES SHORT TERM NATL MUNI BOND ETF; VANECK LONG MUNI ETF | — | TN Ethics Commission |
| Asset | ISHARES JP MORGAN USD EMERGING MARKETS BOND ETF;MICROSOFT CORP; SPDR S&P 500 ETF TR; UNION PACIFIC CORP; VANGUARD RUSSELL 2000 ETF; ISHARES CORE MSCI EAFE ETF; ISHRES CORE MISCI EMERGING MARKETS ETF | Commercial Banks | TN Ethics Commission |
| Asset | VANGUARD INTL HIGH DIVID YIELD INDES FUND ETF | Securities & Investment | TN Ethics Commission |
| Asset | UBS BANK USA DEPOSIT ACCOUNT; ISHARES 7-10 YEAR TREAS BOND ETF; AECOM; ALPHABET INC CL C; AMAZON.COM INC; AMERIPRISE FINANCIAL INC; APPLE INC; APPLIED MATERIALS INC; BROADCOM INC; CISCO SYSTEMS INC; | Electronics Manufacturing | TN Ethics Commission |
| Asset | COCA-COLA CO COM; COLGATE PALMOLIVE CO; DEXCOM, INC; DIMENSIONAL US SMALL CAP ETF; EMERSON ELECTRIC CO; GOLDMAN SACHS GROUP INC; HONEYWELL INTL INC, INTUITIVE SURGICAL INC, KINDER MORGAN INC | Securities & Investment | TN Ethics Commission |
| Asset | MASTERCARD INC CL A; META PLATFORMS INC CL A; MICROSOFT CORP, NVDIA CORP; ORACLE CORP; PALO ALTO NETWORKS INC; QUALCOMM INC; SERVICENOW INC; SPDR S&P 500 ETF TR; TAKE-TWO INTERACTIVE SOFTWARE; | Electronics Manufacturing | TN Ethics Commission |
| Asset | TJX COS INC NEW; UNITEDHEALTH GROUP INC; VANGUARD SMALL CAP GROWTH ETF; VANGUARD SMALL CAP VALUE ETF; VISA INC CL A; WALMART INC; ASML HLDG NV SPON ADR; CANADIAN PAC KANS CITY LTD CAD; EATON CORP PLC | Securities & Investment | TN Ethics Commission |
| Asset | GQG PARTNERS EMERGING MARKETS EQUITY FUND CLASS INST; JOHNSON CTLS INTL PLC; MFS INTERNATIONAL EQUITY FUND CLASS 1; TAIWAN SEMICONDUCTOR MFG CO LTD ADR; VANGUARD FTSE DEVELOPED MKT ETF; | Securities & Investment | TN Ethics Commission |
| Asset | BLACKROCK GLOBAL EQUITY MARKET NEUTRAL FUND CLASS 1; CALAMOS MARKET NEUTRAL INCOME FUND CLASS 1; CATALYST/MILLBURN HEDGE STRATEGY FUND CLASS 1; JPMORGAN HEDGED EQUITY FUND CLASS 1 | Commercial Banks | TN Ethics Commission |
| Asset | UBS INSURED SWEEP PROGRAM; BANK OF AMER CORP; DIMENSIONAL U.S. SMALL CAP ETF; VANGUARD SMALL-CAP VAULE ETF; GQG PARTNERS EMERGING MARKETS EQUITY FUND CLASS INST | Securities & Investment | TN Ethics Commission |
| Asset | MFS INTERNATIONAL EQUITY FUND CLASS 1; VANGUARD FTSE DEVELOPED MKT ETF; BLACKROCK GLOBAL EQUITY MARKET NEUTRAL FUND CLASS 1; CALAMOS MARKET NEUTRAL INCOME FUND CLASS 1; | Securities & Investment | TN Ethics Commission |
| Asset | CATALYST/MILLBURN HEDGE STRATEGY FUND CLASS 1; JPMORGAN HEDGED EQUITY FUND CLASS 1 | Commercial Banks | TN Ethics Commission |
| Occupation | Other, FINANCIAL ADVISOR | — | TN Ethics Commission |
Items marked "AI-researched" are generated from public sources but have not been independently verified. Verified data is sourced from official legislature websites and disclosure filings.
Source: LegiScan roll call vote data.
About This Analysis
This summary was generated using AI from the bill's official text and metadata. Data sourced from LegiScan and the Tennessee General Assembly. Conflict analysis examines the sponsor's personal financial interests for potential overlaps with the bill's subject matter.
