Severance Tax

Severance, Sales Tax Rise In May, But Total State Revenue Is Down

Higher severance tax and sales tax revenues helped offset a slump in personal and corporate income tax revenues in May. ...

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January State Revenue $13.8 Million Below Estimates

As fiscal concerns flare entering the legislative session, January’s Senate finance revenue report shows the state took in at least $13,800,000 less than th...

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$400 Million Cliff: Morrisey Projects Wide-Ranging Budget Cuts

Gov. Patrick Morrisey laid out the specifics on “belt-tightening” as he said the state budget faces a fiscal cliff in the upcoming fiscal year.

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Justice Outlines Senate Agenda, Points To Energy Market Potential

In his briefing on Wednesday, Gov. Jim Justice committed to continuing to cut taxes when he assumes his office in the U.S. Senate next year. He pointed to expanding the energy market as the “key to the whole situation” to raise nationwide revenue....

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