State can't afford coal tax break

email Email  Print Print   Reproduction
Wed, Feb 3, 2010
Other Editorial
Post by Mike Rodger, Coal Reporter

Kentucky.com reports that the State can’t afford coal tax break:

For 50 years, Kentucky taxpayers have subsidized the use of coal (any coal, not just Kentucky coal) by the state’s utilities…Coal purchased to generate electricity is exempt from the state’s 6-percent sales tax. Other fuels such as natural gas enjoy no such favor.

Click here to access the entire press release

All content Copright 2011 Dig Media Inc. Disclaimer

Please see the comment policy for information on comment moderation.

Get our exclusive independent commentary on coal trends and companies delivered to your inbox. Sign up to get exclusive access to our market catalysts a week before they are published online. Learn More »

Simply fill in your name and email to make better investment decisions.

Privacy Policy - Close this banner

x
Please enter a valid email.

Information