Severance Tax Revenues to Remain Stable, Growing
The State Journal – Despite hand wringing over the future of the coal industry, a West Virginia Center on Budget and Policy analysis projects relatively stable severance tax collections. The analysis was written by Sean O’Leary, an analyst with the nonprofit think tank. Read
The decline of coal, O’Leary wrote in a report posted Tuesday, will be offset by natural gas severance collections and recent legislative changes.
The report takes a look at the five different funds in which coal severance taxes are distributed – the county coal revenue fund, the all counties and municipalities coal fund, the coal county reallocated severance tax fund, the oil and gas county revenue fund and the all counties and municipalities oil and gas fund.