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New tax credit recycles old tax credits; results still bad for WV
WV SB 52 would "entitle natural resource producers to economic opportunity tax credit.” That sounds innocent and technical enough, but what this bill would actually do is slice the severance tax and corporate taxes on natural gas and coal companies by around 80%.
Tagged: Coal, Oil and gas
Oil and Gas Abandoned Well Plugging Fund
This week we saw some bills related to conventional oil wells, HB 2673 - Creating the Oil and Gas Abandoned Well Plugging Fund. The bill will cut the oil severance tax on applicable wells (producing less than 60,000 cu. Ft. per day) from 5% to 0% but introduce a rate of 2.5%.
Tagged: Abandoned wells, Oil and gas
Pro-Democracy, Anti-Corruption Platform
The Pro-Democracy, Anti-Corruption Platform is a set of common sense policy solutions that can help put our government on a path to solve problems that affect us all. This is not about Democrat vs. Republican; this is about fixing a broken system, and moving toward a government that’s more transparent, accountable, and responsive to the needs of ALL West Virginians.
Tagged: Clean elections, Legislation
Pick Up the Phone for PPAs
As I previously wrote to you last week, Senate Bill 409, which legalizes Power Purchase Agreements (PPAs) for on-site renewable and alternative energy generation will hopefully be on the Senate EIM agenda this upcoming week.
Tagged: Energy efficiency, Renewable energy
E-Day at the Capitol
Please plan to set up between 8:30AM and 9:30 AM. Tables, chairs, and easels provided in the upper rotunda outside the House and Senate chambers (lower rotunda is closed for repairs). We will also have PA systems and podiums, one for the House wing and one for the Senate.
Tagged: Eday, WVEC event