Coal Investing News » State can't afford coal tax break

State can't afford coal tax break

February 3, 2010 @ 4:16 pm In Other Editorial

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 ^[1]

Article printed from Coal Investing News: http://coalinvestingnews.com

URL to article: http://coalinvestingnews.com/1078/state-cant-afford-coal-tax-break/

URLs in this post:

[1] Click here to access the entire press release: http://www.kentucky.com/591/story/1093333.html