MORGANTOWN – The Senate Transportation Committee took a House bill offering coal companies a potential $50,000 tax break for making road improvements and expanded it to somewhere […]
Tag: severance taxes
Energy committees pass pro-coal measures regarding power plants, taxes and clean coal
MORGANTOWN – Coal was the theme for actions by the Senate and House energy committees on Tuesday, with two bills and one resolution moving forward. The Senate […]
Senate votes to end Future Fund investment account meant to capitalize on shale gas severance taxes
MORGANTOWN — A severance-tax investment fund once considered a great hope for the state is now heading for the dustbin. SB 444 will formally terminate the Future […]
Deskins to legislators: Fluctuating natural gas prices affect budget surpluses, prices expected to fall
MORGANTOWN – One of the factors that helped sink Amendment 2, with its associated plan to reimburse counties for lost property taxes from state budget surpluses, is […]
Get ready for winter heating bill sticker shock
For months now, West Virginia’s severance tax collections for energy production — primarily coal and natural gas — have been running way ahead of estimates. The state […]
Revenue collection surplus to land at $1.2 billion or more on June 30
CHARLESTON — State Revenue Secretary Dave Hardy predicts the state will end the fiscal year on June 30 about $1.2 billion beyond revenue collection estimates. Hardy and […]
