cwood78 161 Report Share Posted June 25, 2013 i know this coal is coming from the construction of new roads, is the town gonna see any money from the coal thats being extracted? Quote Link to comment Share on other sites More sharing options...
Deleted Account 5,203 Report Share Posted June 25, 2013 The county MUST see money, thanks to the coal severance tax. Quote Link to comment Share on other sites More sharing options...
Lance 228 Report Share Posted June 26, 2013 The county MUST see money, thanks to the coal severance tax. hows that work? Quote Link to comment Share on other sites More sharing options...
Deleted Account 5,203 Report Share Posted June 26, 2013 hows that work? Sure. Virginia Code 58.1-3712 permits counties to tax at 1% of gross receipts of all coal/gas severed in the county. All counties that have coal/gas situate in them have enacted such a tax (almost goes without saying). 1% sounds like a tiny amount, but the definition of "gross receipts" is the subject of 8-figure lawsuits in some SWVA coalfield counties. Quote Link to comment Share on other sites More sharing options...
VHSLhelper 571 Report Share Posted June 27, 2013 there's a lawsuit right now over the coal that was removed from behind the Comfort Inn Quote Link to comment Share on other sites More sharing options...
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