Pennsylvania’s Democratic-controlled House has approved legislation (SB 1155) that would impose a 39 cents/Mcf (about 10%) severance tax on natural gas drilling in the state, but the fate of a tax was far from assured as leaders of the Republican-controlled Senate blasted what they called a “punitive” tax rate that would drive business to other states.
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Pennsylvania House Approves Amended Gas Tax Bill
Pennsylvania’s Democratic-controlled House has approved legislation (SB 1155) that would impose a 39 cents/Mcf (about 10%) severance tax on natural gas drilling in the state, despite assurances from members of the Republican-controlled Senate that they will not pass the bill.
September 30, 2010
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