Murray meets with Gov. Justice to discuss coal tax

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Robert Murray of Murray Energy made a visit to  West Virginia Governor Jim Justice.

He said his message was the absolute necessity of reducing the severance tax on thermal coal — that’s power plant coal — in West Virginia.

The tax is five percent of the sales price, and Murray says not only is it a burden, but it is simply unfair.

“As a result, many West Virginians have lost their jobs. Coal from West Virginia can’t compete with coal from other states,” Murray said. “See, no other state has a severance tax on coal as high as West Virginia’s. And only one other state, Kentucky, has a tax. The rest of them have virtually nothing.”

He said under his proposal, there will be no loss of revenue to the counties — the counties will still get their share. According to Murray, last year, Murray Energy paid $138 million to the state of West Virginia.

Murray declined to say what Governor Justice’s reaction was… to his request.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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