tax incentives

Pennsylvania Lawmakers Add $30M in Tax Incentives for Natural Gas Use, Offer Carrot for Hydrogen Hub

Pennsylvania Lawmakers Add $30M in Tax Incentives for Natural Gas Use, Offer Carrot for Hydrogen Hub

Lawmakers in Pennsylvania, the second-largest U.S. natural gas-producing state, last week signed a bill increasing tax credits by $30 million for in-state fertilizer and petrochemical manufacturers that use locally-produced natural gas. House Bill 1059, dubbed the Pennsylvania Economic Development for a Growing Economy (PA EDGE), amends the Keystone State’s tax code, boosting the natural gas…

November 3, 2022