coal tax

Underground Mine, Miners, Mining
Robert PEnergy / wikimedia commons

West Virginia's tax collections from coal and natural gas production in March topped $40 million, exceeding original budget estimates by $13 million and showing some recovery from last year.

State Revenue Secretary Dave Hardy says that gain was partly offset by corporate net income tax, consumer sales tax and business and occupation taxes that were more than $8 million below estimates altogether.

U.S. Senator Shelley Moore Capito is introducing legislation to set aside $525 million in federal tax credits for investments in communities hurt by the downturn in coal.

The West Virginia Republican's bill would allocate 5 percent of the federal new market tax credits for 12 states with counties that had significant coal job loss between 2012 and 2015.

Jim Justice
Chris Tilley / AP Photo

West Virginia's Democratic candidate for governor is a billionaire, a philanthropist and a resort and coal mine owner who cites his business and mining experience as major attributes as he seeks to lead his home state out of a severe budget and economic crisis.

"I am not a career politician; I am a career businessman," wrote Jim Justice in an April 5 op-ed that appeared in the Charleston Gazette-Mail.

Murray Energy says West Virginia lawmakers have "abandoned our coal miners" by killing a bigger break for struggling coal companies.

Murray spokesman Gary Broadbent's comments came after a House panel opted Wednesday only to study severance tax cuts.

Perry Bennett / WV Legislative Photography

A coal tax break and higher fees to fix roads are among the West Virginia bills facing a deadline to stay alive.

Wednesday is the last day in the legislative session for a bill to pass in either the House or the Senate. Bills that haven't passed at least one will likely be dead.