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Natural Gas Processors Find Tax Loophole

Any New Plant Taxed Just 5 Percent of Its Value

February 23, 2014

MOUNDSVILLE — Williams Energy, Blue Racer Midstream and MarkWest Energy spent nearly $900 million in Marshall County during the last tax year on their natural gas processing plants, but those same......

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Comments

(71)

atoddh

Feb-23-14 3:16 AM

clearly the legislation is intended to foster ALL facets of gas development. It is.

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atoddh

Feb-23-14 3:18 AM

The State stand to gain huge gas/oil/ngl severance taxes.

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VincentVega

Feb-23-14 4:40 AM

THROW THE BUMS OUT!

MARSHALL COUNTY HOUSE OF DELEGATE MEMBERS looking out for the oil companies that donated to their campaign. See the contribution record posted on the Secretary of States Web site. LOBBYISTS WIN AGAIN!

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SMART1

Feb-23-14 4:49 AM

These Eienstein Democrats in Charleston, Tomblin, Kessler & Miley still don't have a cracker plant! Wanting to raise taxes on the rest of us because they claim the state is going broke! Votem all out!!!

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lee2350

Feb-23-14 5:50 AM

A company invests 900 million in your county partly because of a tax incentive and now you want to take it away because of what you are NOT collecting. Why not look at the jobs this is creating and all the other economic impact instead of complaining about unrealized revenues as tax loophole this is not a loophole this is an economic incentive. hapens all the time just look at the highlands and what they did for the major retailers.

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Katelyn

Feb-23-14 7:16 AM

They did not "find tax loophole" it is called incentive. You cannot have your cake and eat it too - sounds like you have gotten greedy.Give a mouse a cookie and he wants a glass of milk. They will bring far more to your County than what you as a County are giving up.

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dyingov

Feb-23-14 7:37 AM

vincy, Why no comment on Kessler, sponsor of the "tax Loophole?" LOL

"I cannot take away the tax credits that they got," Jeff Kessler said. "What I can do is look at some ways to recapture some of that in terms of value-added" tax.

"I've got some ideas up my sleeve," he added.

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dyingov

Feb-23-14 7:38 AM

Atoddh, Yesterday you were telling us that the state revenue is in trouble! Which is it? LOL

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Blackrock

Feb-23-14 7:51 AM

It seems that Kessler's ideas are coming from another part of his anatomy, just like his preposterous idea of this huge tax break. I can see using something as an incentive, but not a free ride. With the associated property tax increases for residents and now a proposed rise in taxes, you are again witnessing the incompetence and/or corruption of your local government representatives.

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atoddh

Feb-23-14 7:52 AM

dying: while the gas severance revenue will be substantial, the shortfalls from coal, gaming et al will continue. The incentives(here) are intended to encourage a new industry: gas.

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littlefox

Feb-23-14 8:07 AM

NEVER trust a politician who publicly admits "I've got some ideas up my sleeve."

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mikeyd

Feb-23-14 8:11 AM

politics.why WV is broke.they can't even afford to patch the roads.

4 Agrees | 1 Disagrees | Report Abuse »

dyingov

Feb-23-14 8:11 AM

Atoddh, The gas is here! Can't outsource it! Cracker or no cracker not a game breaker either way!

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mikeyd

Feb-23-14 8:14 AM

foxy,never trust a politician with his mouth open.no respect for them people here.

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DisplacedWVian

Feb-23-14 8:53 AM

Gee, the state of NY is currently promoting a multi-media campaign whereby new business and industry (which meet certain criteria) pay no tax for 10 years.

It's no secret that government entities at all levels create incentives for business so that they can grow their respective economies. It's called competition.

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DisplacedWVian

Feb-23-14 8:56 AM

Where are all of the liberal posters who complain about crony capitalism? Oh, that's right, a Democrat controlled congress and governor passed/signed this piece of legislation.

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intresting

Feb-23-14 8:56 AM

"If you like your tax incentives, you can keep your tax incentives"

WV Dems at their best! DUH!

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DisplacedWVian

Feb-23-14 9:04 AM

With the large number of out-of-state workers from states with no reciprocal agreement pertaining to personal income tax filing requirements, I can tell you from experience that WV is going to have a difficult time collecting taxes from these out-of-state workers with WV source income. A concerted effort should be made by the folks in Charleston to ensure that these taxes are collected.

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Newgirl

Feb-23-14 9:13 AM

"I've got some ideas up my sleeve," he added.

Well that makes it all better! LOL Really?? How about having someone explain the tax consequences and ALL of the consequences BEFORE you vote something into LAW -- Isn't that the reason we have the whole OBAMA, oops I'm sorry, Affordable Care Act debacle now, because no representative was supposed to read it?? PAY NO ATTENTION TO THE MAN BEHIND THE CURTAIN!!! lol

We are in for a wild ride, but then again, so is the election cycle coming up!!

Pray folks, pray hard.

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dyingov

Feb-23-14 9:20 AM

displaced, Texas state income tax 0! Good luck!

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BurningUp07

Feb-23-14 9:24 AM

All the out of state workers except ones from PA and OH should have to pay WV income tax. If they aren't then this state is stupider than I thought already...and that's saying something. WV and PA have a reciprocal agreement. If you work in PA you don't have to pay taxes to PA so it works both ways. As we are continuing to see the trickle down from this industry really isn't all it's cracked up to be.

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Pathguy

Feb-23-14 9:37 AM

Why the heck would anybody give businesses a tax incentive?? The gas isn't moving to Vermont??it's here in WVA. Come and get it and pay the tax piper..the full Monty !!

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DisplacedWVian

Feb-23-14 9:44 AM

Dying: Earning from wages/salaries by residents of other states, unless exempted from filing due to reciprocal agreements, would be required to file and pay taxes due on their WV SOURCE INCOME to the state of WV.

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DisplacedWVian

Feb-23-14 9:54 AM

Path: I'll give you a layman's perspective.

Unless I'm reading it wrong, the tax incentives given are for "factory, mill, chemical plant, refinery, warehouse, building or complex of buildings" and pertain to a reduction in property taxes for 10 years (I'm sure someone will correct me if I'm wrong). The tax incentives are to encourage businesses to locate these physical assets here (in WV) rather than just extracting it and piping it to another state for processing/distribution.

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wvhoopie

Feb-23-14 10:17 AM

Route 88 is literally turning to rubble with the gigantic trucks that travel this road every single 15 minutes, sometimes five huge trucks all together. Our roads are now junk thanks to these pukes. Destroying our home area for their riches. I'm sick of it. Time to revolt!

6 Agrees | 1 Disagrees | Report Abuse »

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