SB 705 - Reduces Severance Tax Rate on Oil, Natural Gas and Coal Production - West Virginia Key Vote
done
Robert Plymale voted Nay (Passage) on this Legislation.
Timeline
- Referred to Committee
- March 3, 2016
- Senate Bill Passed
- March 2, 2016
- Introduced
- Feb. 29, 2016
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Title: Reduces Severance Tax Rate on Oil, Natural Gas and Coal Production
Vote Smart's Synopsis:
Vote to pass a bill that reduces the severance tax rate on oil, natural gas and coal production.
Highlights:
- Reduces the severance tax rate on coal, limestone, sandstone, natural gas and oil from 5 percent to the following amounts (Sec. 13):
- 4 percent by July 1, 2017; and
- 3 percent by July 1, 2018.
Title: Reduces Severance Tax Rate on Oil, Natural Gas and Coal Production