Excess Coal Severance Tax Being Distributed

Excess Coal Severance Tax Being Distributed

Kentucky Gov. Matt Bevin says more than $15 million in excess coal severance tax revenue will be allocated to cities and counties that qualify through a revenue-sharing program.The governor said Monday that 49 counties and 122 municipalities will share the money.State law directs that if coal severance revenue in a fiscal year exceeds the official estimate, all of the excess revenue is to be allocated to qualifying local governments.

Source: MG News

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