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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 .
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.
Pages in category "Severance taxes" The following 7 pages are in this category, out of 7 total. ... West Virginia Future Fund This page was last ...
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 ...
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 ]
Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly.
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West Virginia Council for Community and Technical College Education; West Virginia Department of Education and the Arts. West Virginia Division of Culture and History; West Virginia Division of Rehabilitation Services; West Virginia Department of Environmental Protection. West Virginia Division of Air Quality; West Virginia Division of Land ...