WeVote
Log In

Bill

Bill

HB 133

AN ACT relating to severance taxes.

2026 Regular Session Introduced by Jim Gooch

Kentucky HB 133 modifies severance tax policy on natural resource extraction, affecting state revenues and regional economies dependent on coal, oil, and gas industries.

to Appropriations & Revenue (H)
#mineralsandmining #stateagencies #taxation #severance
0
WeVote Research Nonpartisan
Bill Summary · HB 133

Legislative bill overview

HB 133 is a Kentucky bill relating to severance taxes, which are taxes imposed on the extraction of natural resources like coal, oil, and gas. The bill was introduced by Representative Jim Gooch on January 7, 2026, and has been referred to the House Committee on Committees. Without access to the bill's full text, the specific provisions—whether it increases, decreases, or restructures severance tax rates—cannot be determined.

Why is this important

Severance taxes are a significant revenue source for Kentucky, particularly from coal extraction, funding state services and local governments in resource-rich regions. Changes to severance tax policy directly affect both state revenues and the competitiveness of Kentucky's extractive industries, making this economically consequential for both fiscal planning and industry operations.

Potential points of contention

  • Revenue vs. industry competitiveness: Increasing severance taxes raises state revenue but may reduce investment in extraction, while decreasing them helps industry but reduces public funding
  • Regional economic impact: Resource-producing counties and municipalities depend heavily on severance tax revenue; changes could disproportionately affect rural economies
  • Energy policy alignment: The bill's provisions may reflect different visions for Kentucky's energy future and transition away from coal dependence

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.