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Pennsylvania Asserts Plan to Impose Severance Tax

by Kenneth E. DuBose on July 7, 2010

Pennsylvania Governor Ed. Rendell reaffirms the state’s commitment to imposing a severance tax on natural gas extraction:

“The rich natural gas deposits in the Marcellus Shale represent a tremendous opportunity in the form of new jobs and economic stimulus to mostly rural communities across the commonwealth,” Rendell said. “We have a responsibility to ensure that the economic benefits are balanced with the need to protect the local environment and the residents of communities where the work is being done.”

Read more on Pennsylvania’s plan at timesleader.com

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