Severance Tax

Environment & Energy
3:26 pm
Mon June 9, 2014

Policy Group Adds Name to List of Those Calling for Gas Extraction Tax

As Pennsylvania lawmakers grapple with finalizing the state budget, and face a financial shortfall, lawmakers and outside groups are calling for a severance tax on the natural gas industry to increase revenues.

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Government & Politics
3:30 am
Mon May 19, 2014

Ohio House Approves Raising Severance Tax For Oil And Gas

The Ohio House of Representatives has voted to increase the state severance tax on oil and gas from less than 1 percent to 2.5 percent. As Pennsylvania continues to debate whether it, too, should impose a severance tax on the booming Marcellus Shale play, some Ohio democrats say the proposed hike is not good enough.

Republican Gov. John Kasich wanted a bigger tax hike, as well. But Ohio Rep. Matt Huffman, who sponsored the bill, said he ended up with 2.5 percent because “that was what I thought we could get done. That was what all parties could agree to.”

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Environment & Energy
3:30 am
Mon May 12, 2014

Stack Proposes Marcellus Shale Severance Tax

Another Marcellus Shale drilling policy, which includes a 5 percent severance tax, is being proposed by a Philadelphia lawmaker.

State Sen. Mike Stack (D-Philadelphia) announced last week that his legislation would impose an extraction tax which would overlap the existing impact fee, a policy that mirrors West Virginia law. The Corbett administration and Republican-controlled Legislature have resisted a severance tax.

Citing a report by Reuters, Stack said Pennsylvania stands to lose more than $20 billion over the next 20 years if a severance tax is not adopted.

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Government & Politics
11:58 am
Fri April 25, 2014

Lawmakers Mull Severance Tax, With Varying Seriousness

Talk of low state revenues is prompting Republicans in the General Assembly to suggest new taxes could be under consideration, including the the ever-polarizing severance tax on natural gas drillers. But there are no clear indicators an extraction tax could pass anytime soon.

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