WV Center on Budget and Policy > Press > WVCBP in the News > Industry Reps Caution Raising Severance Taxes to Support Future Fund

Industry Reps Caution Raising Severance Taxes to Support Future Fund

August 27, 2013

West Virginia Public Broadcasting РRepresentatives of the oil and gas industries joined West Virginia legislators as they made their trip to North Dakota last week, focusing on that state’s Legacy Fund. They say creating a savings account based on tax revenues may be a good idea for the future of West Virginia, but are cautioning lawmakers that raising the tax rate is not the way to do it. Read