Lawmakers on a key committee of the Pennsylvania House of Representatives approved three “Marcellus Works” bills on Tuesday.
The House Finance Committee voted 15-10 to adopt HB 305, which would amend the Tax Reform Code of 1971 by creating a natural gas corridor tax credit. The bill, sponsored by Rep. Gordon Denlinger (R-Lancaster), calls for allocating up to $5 million to construct natural gas vehicle (NGV) fueling stations that would be open to the public.
To receive the corridor tax credit, a company would have to demonstrate to the state Department of Revenue that it has a comprehensive plan to build at least one NGV fueling station within two miles of an eligible corridor. Specifically, those corridors are portions of Interstates 76, 78, 79, 80, 81, 83, 95 and 276.
The committee also voted 18-7 in favor of HB 301, a bill sponsored by Rep. Stan Saylor (R-York), which would allocate up to $25 million in tax credits for natural gas-powered fleets.
HB 301 also calls for the creation of a six-member Natural Gas Fleet Vehicle Tax Credit Committee, which would include as members the chair of the Marcellus Shale Coalition (MSC) and the executive director of the Associated Petroleum Industries of Pennsylvania. The other four members would be the secretaries for the state Department of Community and Economic Development, Department of Transportation, Department of Environmental Protection (DEP) and Department of Revenue.
A third bill, HB 309, was also passed by an 18-7 vote. HB 309 calls for creating a NGV tax credit; it was sponsored by Rep. Seth Grove (R-Dover).
“This is certainly a positive step toward further embracing and leveraging the clear economic and environmental benefits associated with the Commonwealth’s abundant, clean-burning natural gas resources,” MSC spokesman Steve Forde told NGI’s Shale Daily on Wednesday. “We especially appreciate Rep. Saylor’s tireless leadership on these important, jobs-focused issues.”
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