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HB 292 - Continue funding the Coal Board to help coal communities prepare for the energy transition

Sponsored by Rep. Barry Usher, R-Billings

This bill would continue the current contribution from Montana’s coal severance tax to the Coal Board, which distributes the money to counties affected by coal mining to be used on important infrastructure projects and other community needs. Currently, 5.8% of the amount received from this tax goes to the Coal Board but that amount will reduce to 2.9% at the end of the year if HB 292 doesn’t pass. This bill would help those communities most affected by coal production prepare and adjust to the energy transition by ensuring that the current 5.8% contribution extends to the year 2023.

HB 292 passed out of the Senate Finance and Claims Committee on April 8 and is on its way to the Governor’s office for his signature.

 

 

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