For the privilege of severing or processing coal, in addition to all other taxes imposed by law, a tax is hereby levied on every taxpayer engaged in severing and/or processing coal within this Commonwealth at the rate of four and one-half percent (4.5%) of the gross value of all coal severed and/or processed during the reporting period; except that the minimum tax for a reporting period shall be an amount determined by applying a rate of fifty cents ($0.50) per ton to the total number of tons severed during the reporting period. The minimum tax shall not apply to a taxpayer who only processes coal.
Effective: July 1, 1978
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Terms Used In Kentucky Statutes 143.020

  • Coal: means and includes any material composed predominantly of hydrocarbons in a solid state. See Kentucky Statutes 143.010
  • Processing: includes cleaning, breaking, sizing, dust allaying, treating to prevent freezing, or loading or unloading for any purpose. See Kentucky Statutes 143.010
  • Reporting period: means the period for which each taxpayer shall compute his tax liability and remit the tax due to the department. See Kentucky Statutes 143.010
  • Ton: means a short ton of 2,000 pounds. See Kentucky Statutes 143.010

History: Amended 1978 Ky. Acts ch. 189, sec. 2, July 1, 1978. — Amended 1976 Ky.
Acts ch. 84, sec. 1, effective March 29, 1976. — Created 1972 Ky. Acts ch. 62, Pt. II, sec. 2.

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