Pennsylvania Gov. Tom Wolf, a Democrat in the second-largest U.S. natural gas-producing state, approved an act boosting tax credits for natural gas use by billions over decades. 

Act 108, enacted from House Bill (HB) 1059 and dubbed the Pennsylvania Economic Development for a Growing Economy (PA EDGE), amends the Keystone State’s tax code to bring tax credits for natural gas use from more than $26.6 million to $56.6 million.

Companies that have invested a minimum of $400 million into an in-state fertilizer, natural gas liquids or petrochemical project could be eligible to receive the credit at a rate of 47 cents/Mcf of purchased dry gas by filing an application to the state’s Department of Revenue by March 1, once the tax credits come into play in 2023. 

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