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  • Sev-401v - State Of West Virginia - State Wv

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STATE OF WEST VIRGINIA State Tax Department, Tax Account Administration Div P.O. Box 425 Charleston, WV 25322-0425 Earl Ray Tomblin, Governor Craig A. Griffith, Tax Commissioner Name Address City.

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Severance taxes are taxes on the extraction of natural resources such as oil and natural gas.

March 2023 | West Virginia Tax Division Tax Rates Generally, the severance tax rate on coal is 5% of the gross value of the coal produced.

Severance taxes are taxes generally imposed on the privilege of mining minerals such as coal, oil, natural gas, limestone, and sandstone among others. West Virginia severance taxes on mining date back to a gross sales tax first imposed at a rate of 0.4% as of July 1, 1921.

“Coal production is up 5.9% and we're on target for 90 million tons of coal. Natural gas production is up 9.9%,” he said. The state's severance tax equates to about 5% of the going rate per commodity, Hardy said. “Our tax is 5% of the price,” he said.

West Virginia has a flat 6.50 percent corporate income tax rate and permits local gross receipts taxes. West Virginia has a 6.00 percent state sales tax rate, a max local sales tax rate of 1.00 percent, and an average combined state and local sales tax rate of 6.55 percent.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232