By April 9, 2018 Read More →

Coal severance tax revenues increasing in West Virginia

By GREG JORDAN

Bluefield Daily Telegraph

PRINCETON, W.Va.  — With a reduction in regulations impacting the coal industry, revenues generated by West Virginia’s coal severance taxes have been going up; however, the amount of mining each county has within its borders determine how much money it generates.

In Mercer County, the amount of money coal severance taxes raise has fluctuated between 2010 and 2017, according to figures provided by County Clerk Verlin Moye. For example, coal severance receipts showed the county receiving $170,008 in 2010, and even more in 2011 when the tax generated $299,897.

The coal tax revenues steadily decreased from the collections in 2011, dropping to $240,140 in 2012; $239,113 in 2013; then $197,076 in 2014; decreasing again to $168,706 for 2015; and $128,746 in 2016. The last full year of collections grew to $160,887 for 2017.

Read the entire article: http://www.bdtonline.com/news/coal-severance-tax-revenues-increasing/article_92d4caf0-3b9e-11e8-a8c6-4f938b7b4003.html

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