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Kentucky's Coal Counties are seeking more severance tax money

The Kentucky Coal County Coalition recently sent a resolution to the General Assembly, which asks legislators to give more economic help to the state's coal counties. The resolution says the amount collected by the state tax on coal has dropped from 310 million in 2011-2012 to 210 million in 2013-2014. The Kentucky General Assembly took 2.5 million in coal severance funds this year to use for renovations to Rupp Arena in Lexington. At the present time, nearly half the tax collected goes to Frankfort and half to the counties where it is produced.

Filed under: Kentucky | Around the region | Mining


 
 

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