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closer to $46 million, said Alan Mierke, deputy commissioner. Originally intended to attract major plants to the state, the supertaxcredit was co-opted by coal companies for massive tax write-offs. Criticism of the credits led to... Published: Saturday, July 20, 1991 Words: 243
close the original business, so there was sometimes a net job loss instead of a gain, Davis said. Burdette said the supertaxcredit allowed the coal industry to modernize and become more competitive, but at the expense of about 30,000... Published: Sunday, January 23, 1994 Words: 649
D-Cabell. Chambers said the proposed tax would not affect small coal operators. It would affect larger companies who used the supertaxcredit and are better able to deal with the increase, he said. Lawmakers said the supertaxcredit... Published: Friday, February 12, 1993 Words: 508
which leaves only 242 lost jobs for the rest of the state, according to Hamilton's conclusions In their haste to cash in on the supertaxcredit program, Consolidation Coal did a paper change with the McElroy Mine in the Northern Panhandle.... Published: Tuesday, April 05, 1994 Words: 422
have invested in West Virginia's valuable southern coalfields even without taxcredit programs. State legislators designed the supertaxcredit program to create new jobs in West Virginia. Each job has ended up costing taxpayers more... Published: Thursday, June 08, 1995 Words: 900
tax deductions, are subtracted directly from taxes owed. For each $1,000 in tax credits, a company pays $1,000 less in taxes. Supertax credits peaked for coal companies in 1992, when the industry avoided $75.5 million in taxes, said... Published: Wednesday, March 26, 1997 Words: 567
BIG-MONEY COAL LOBBYISTS ARE SCURRYING IN AN attempt to defeat the Caperton administration bill to revoke the "SUPERTAXCREDIT" THAT ALLOWS MINING FIRMS TO DUCK MORE THAN $50 million a year in taxes. The state will be fortunate if... Published: Friday, March 09, 1990 Words: 219
The question of whether to include dollar amounts in supertaxcredit disclosure legislation could be headed to a showdown in conference committee after the House and Senate advanced widely different versions of the bill Monday. The... Published: Tuesday, June 26, 1990 Words: 540
without the tax breaks. Testimony this month before the state Public Service Commission has raised other questions about the supertaxcredit program. The testimony was provided as part of annual hearings on rate proposals from Mon... Published: Monday, May 25, 1992 Words: 871
A massive taxcredit program that has allowed coal companies to write off more than $270 million could be dead on July 1, after the Senate voted 33-0 Friday to kill most supertax credits. After hours of debate Thursday night and Friday... Published: Saturday, April 03, 1993 Words: 548