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    coal-investing

    State can’t afford coal tax break

    Investing News Network
    Feb. 03, 2010 01:16PM PST
    Industrial Metals Investing

    Kentucky.com reports that the State can’t afford coal tax break:

    Kentucky.com reports that the State can’t afford coal tax break:

    For 50 years, Kentucky taxpayers have subsidized the use of coal (any coal, not just Kentucky coal) by the state’s utilities…Coal purchased to generate electricity is exempt from the state’s 6-percent sales tax. Other fuels such as natural gas enjoy no such favor.

    Click here to access the entire press release

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