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Gold/Mining/Energy : Gasification Technologies

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To: Dennis Roth who wrote (1164)	12/16/2008 11:47:34 AM
From: Dennis Roth	of 1740

Coal-to-liquids Plant Could Receive Millions in Tax Breaks Posted Sunday, December 14, 2008 ; 03:28 PM Updated Sunday, December 14, 2008 ; 10:41 PM The plant could be eligible for at least $600 million in tax breaks. wowktv.com Story by Latasha Hughes CHARLESTON -- A coal-to-liquids plant planned to be built in Mingo county could receive millions in tax breaks under West Virginia's economic development incentives program. The proposed plant may receive more than $600 million in tax breaks. According to published reports, under existing law, the plant would be eligible to receive tax credits worth 20 percent of its capital investment. The project would also be eligible for other incentives including assistance for employee training and infrastructure needs. The proposal for the coal-to-liquids plant by Governor Joe Manchin was announced last week at the Energy Summit at the Stonewall Resort.

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