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Energy / State Severance Taxes #517877

NBC Evening News for Sunday, Jul 12, 1981
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(Studio) Recent Supreme Court ruling on MT's right to charge severance tax on coal purchased by other states recalled; legislature currently in Congress noted holding all state severance taxes to maximum. Details given.
REPORTER: Jane Pauley

(Providence, Rhode Island) Possible impact of severance taxes on New England Elec. Company's efforts to convert from oil to domestic coal described. [New England Elec. spokesperson Edward BROWN - hopes states don't take advantage of Supreme Court ruling.] Rhode Island' s dependence on energy from outside the state and its high energy expenses outlined. [Governor J. Joseph GARRAHY - notes possibility of domestic OPEC (Organization of Petroleum Exporting Countries) comprised of states; explains.] States' use of severance taxes explained. [Representative Claudine SCHNEIDER - note economy survival of New England is at stake.] Efforts of New England states to become less vulnerable mentioned.
REPORTER: Willie Monroe

Reporter(s):
Monroe, Willie;
Pauley, Jane
Duration:
00:02:50

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