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changes will make it easier for older coal-burning power plants to expand without adding pollution control equipment. The Bush administration also is seeking new subsidies and incentives for coal.

Table 7. Possible options for a coal severance or use tax in Texas

Taxes

Effective

Texas Coal

Collected in

Cost/Ton

Production

2000

Severance

State/ Method

Tax Rate

Tax

Texas Coal Use Tax

New Mexico

Wyoming

Montana

West Virginia

Texas Oil Severance Tax

Texas Gas Severance Tax

Based on 1999 coal production (53,000 thousand tons) $96.5 million

Based on 1999 coal use (102,000 thousand tons)

$1.82/ton

$185.6 million

$0.27/ton

$14.3 million

$27.5 million

$0.85/ton

$45.1 million

$86.7 million

$0.98/ton

$51.9 million

$100 million

Assumes cost of $12.75 per/ton of Texas coal and $18.0 per/ton of all coal used Assumes cost of $12.75 per/ton of Texas coal and $18.0 per/ton of all coal used

$31.0 million

$84.5 million

$50.6 million

$137.7 million

7.5 percent of market value

Severance: $26.9 million Resource Excise: $3.7 million Gross Receipts: $17.7 million Conservation : $930,000 $85.1 million in FY 00

Severance: $35.5 million Resource Indemnity: $1 million

Severance: $163 million in Calendar Year 99: Environment: $8.1 million in CY 99.

Severance: $1.17/ton for old coal mines: $0.50/ton for new coal mines Resource Excise Tax: 0.75 percent Gross Receipts Tax: 5.75 percent Conservation Fund: 0.18 percent Severance: Surface: 7 percent Underground: 3.75 percent Severance: Surface 10 – 15 percent depending upon BTU Underground: 3-4 percent depending upon BTU Resource Indemnity Fund: $25 + 0.4 percent over $6,250 Severance: 5 percent of gross value or $0.75/ton minimum; 5 percent tax on value added Environmental Tax: $0.05/ton

4.6 percent of market value

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