Exempts coal sold to coal-fired power plants in West Virginia from state severance tax.

West Virginia SB76 amends the state's severance tax law to exempt coal sold to coal-fired power plants within the state from the severance tax. This exemption applies to thermal or steam coal sold after March 31, 2026, to power plants located in West Virginia. The exemption aims to encourage the use of in-state coal for electricity generation, potentially lowering electricity costs for residents. The exemption does not apply to the additional severance tax for the benefit of counties and municipalities.

Exempts coal sold to coal-fired power plants in West Virginia from state severance tax.

West Virginia SB76 amends the state's severance tax law to exempt coal sold to coal-fired power plants within the state from the severance tax. This exemption applies to thermal or steam coal sold after March 31, 2026, to power plants located in West Virginia. The exemption aims to encourage the use of in-state coal for electricity generation, potentially lowering electricity costs for residents. The exemption does not apply to the additional severance tax for the benefit of counties and municipalities.