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Legislature Passes Bill Ending Surcharge for Old WC Fund

Monday, February 29, 2016 | 0

A bill that would slash severance taxes on coal and gas that were tacked on to pay off the debts of West Virginia's monopoly workers' compensation fund is on its way to Gov. Earl Ray Tomblin's desk after clearing the House of Delegates Thursday 96-3 on Thursday. Tomblin supports the measure. Senate Bill 419 appropriates $50.4 million in severance tax collections from past years to help balance the state budget, but ceases collection of the Old Workers' Compensation Fund surcharge from this year forward. That fund is used to pay for claims to the state's former monopol...

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