Bill to increase tax paid on coal in TN
Tenn. shouldn’t be a ‘cheap place to mine,’ Gov. Bredesen says of effort
By Tom Humphrey (Contact)
Wednesday, March 19, 2008
NASHVILLE - Plans for expanded coal mining in East Tennessee, much of it in the Sundquist Wildlife Management Area, would be jeopardized by a proposed increase in the state’s coal severance tax, National Coal Corp. officials said Tuesday.
The tax bill’s sponsor, Sen. Doug Jackson, D-Dickson, said the state shouldn’t make it easy to strip mine, however, and he has Gov. Phil Bredesen’s support.
“I think of mining as kind of a necessary evil,” Bredesen said, pointing out that after talking to Jackson, he understands the proposed tax rate would put Tennessee on par with other coal-mining states.
read more: http://www.knoxnews.com/news/2008/mar/19/bill-to-increase-tax-paid-on-coal/
