Study of Severance Tax | Virginia Tax

Background

The Department is required to convene a working group consisting of representatives of those localities that levy a severance tax and representatives of those coal, oil, and gas companies that are subject to the tax. The working group is charged with reviewing the methodology for determining gross receipts subject to such tax and other issues related to the imposition of any severance tax. The working group is to provide a report and recommendations to the Chairmen of the House Committee on Finance and the Senate Committee on Finance by December 1, 2012.

Legislative Documents:

HB 1233 Text - (PDF)
HB 1233 Fiscal Impact Statement - (PDF)
SB 658 Text - (PDF)
SB 658 Fiscal Impact Statement - (PDF)

Opinions and Rulings:

1982 Opinion of the Attorney General 361 (PDF)
1983 Opinion of the Attorney General 514 (PDF)
1990 Opinion of the Attorney General 223 (PDF)
TAX Ruling PD 99-306 (PDF)
Opinion of the Attorney General 10-110 (PDF)
TAX Ruling PD 12-44 (PDF)

Study Documents:

Work Plan (Revised 07/06/12) (PDF)

Request for Localities to Provide Local Ordinances (PDF)

Invitation to the First Meeting (PDF)

First Meeting Agenda (PDF)

First Meeting Notes (PDF)

Coal Severance Tax Matrix of Other States (Draft 05/08/12) (PDF)

Gas Severance Tax Matrix of Other States (Draft 05/08/12) (PDF)

Oil Severance Tax Matrix of Other States (Draft 05/08/12) (PDF)

Breakout Session - Coal Agenda (PDF)

Breakout Session - Gas Agenda (PDF)

Severance Tax Valuation Matrix of Other States (Draft 07/13/12) (PDF)

BPOL Uniform Ordinance Provisions - Severance Tax Overview (PDF)

Gross Receipts, Valuation, and Situs - Administrative Opinions Overview (PDF)

Local Ordinances and Forms:

While the Department made every effort at the time of posting to verify that the information linked below is accurate, it cannot guarantee that the information has not changed. Please contact the relevant jurisdictions for the most current materials.

City of Norton

Local Ordinance (Link)

Buchanan County

Local Ordinance (Link)

Local Forms (PDF)

Dickenson County

Local Ordinance (PDF)

Local Forms (PDF)

Tazewell County

Local Ordinance (PDF)

Wise County

Local Ordinance (PDF)