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The West Virginia state treasurer is the state's chief financial officer. [1] It is one of six constitutionally mandated offices. [ 2 ] Elected statewide for a four year term, the treasurer is responsible for overseeing state operating funds, monitoring state debt and performing banking and accounting duties in accordance with state law. [ 1 ]
The West Virginia Future Fund is a permanent trust fund which began operations in March 2014. It was established via the passage of SB 461 and SJR 14 to make the fund constitutionally protected under West Virginia law. Funding comes from a 25% natural gas and oil severance tax.
Severance taxes are taxes imposed on the removal of natural resources within a taxing jurisdiction. Severance taxes are most commonly imposed in oil producing states within the United States . Resources that typically incur severance taxes when extracted include oil , natural gas , coal , uranium , and timber .
Part of the reason investors fled the stock market in 2022 was over fears of a potential recession in 2023. With inflation reaching multi-decade highs and the Fed aggressively raising interest ...
Category: Severance taxes. ... West Virginia Future Fund This page was last edited on 29 March 2024, at 04:34 (UTC). Text is available under the Creative ...
West Virginia Division of Rehabilitation Services; West Virginia Department of Environmental Protection. West Virginia Division of Air Quality; West Virginia Division of Land Restoration; West Virginia Division of Mining and Reclamation; West Virginia Division of Water and Waste Management; West Virginia Office of Abandoned Mine Lands and ...
As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.
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