Pennsylvania House Committee To Consider Severance Tax On Fracked Natural Gas
(June 10, 2016, 2:30 PM EDT) -- HARRISBURG, Pa. — The Pennsylvania House of Representatives on May 25 voted to send to the House Committee on Environmental Resources & Energy a measure that would enact a severance tax on the value of wet and dry natural gas and allow extraction companies to deduct the current Marcellus impact fee liability from the severance tax due.
(House Bill 2103 available. Document #94-160614-013L.)
Under the measure, hydraulic fracturing companies would also be able to recoup capital costs for wells drilled before applying the tax...