Committee approves half-point cut to coal severance rate, citing competitiveness concerns
The Senate Revenue Committee voted 3–1 to reduce the coal severance tax rate from 6.5% to 6.0% in House Bill 75 after testimony from coal-industry representatives, county officials and taxpayer groups arguing the change levels the rate with oil and gas and supports mine investment.
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The Senate Revenue Committee advanced House Bill 75 on a 3–1 roll-call vote, approving a reduction in the coal severance tax rate from 6.5% to 6.0% to bring coal’s rate into parity with oil and natural gas.
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