WV HB5687

Reduces the severance tax rate on metallurgical coal production in West Virginia from 5% to 4.5% effective July 1, 2026

Further reduces the metallurgical coal tax rate to 4% for coal severed between July 1, 2027 and June 30, 2028

Sets a permanent metallurgical coal tax rate of 3.5% beginning July 1, 2028 and thereafter

Defines "metallurgical coal" as coal that is not thermal/steam coal (sold for electricity generation) and not thin seam coal (seams below 45 inches)

Maintains the existing reduced rates for thermal/steam coal (which was previously cut by 2% through 2021) and thin seam underground mining operations (1-2% based on seam thickness)