Senate committee originates bill to cut coal tax
By Jeff Jenkins | MetroNews
The state Senate Finance Committee originated a bill Monday afternoon to decrease the state’s coal severance tax by two percent over two years in hopes of making West Virginia’s coal more competitive with other states.
The rate would go from 5 percent to 3 percent under the bill (SB 705), Sen. Finance Committee Chair Mike Hall (R-Putnam) said.
“We’re (currently) taxing...