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Pennsylvania Gas Severance Tax Coming says Lawmakers

by Kenneth E. DuBose on July 19, 2010

Pennsylvania lawmakers reassert gas severance tax will be passed by October 1:

House and Senate leaders say they’re confident the General Assembly by Oct. 1 will pass a severance tax on natural gas extracted from the Marcellus shale formation, despite unresolved issues. Lawmakers recessed for summer this month without reaching agreement on how to tax companies drilling in the deep natural gas reserve, a formation spanning several states including Pennsylvania. Senate Republicans agreed to do so by the fall date as part of a budget deal, in which House Democrats agreed in concept to create an independent budget board that Republicans sought.

Full article: Gas Severance Tax Coming –

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