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Tag Archives: severance tax

Shale executives raise pressure against severance tax in Pa.

Seventeen top executives from some of the largest companies working in the Marcellus shale signed a letter asking legislative leaders in Harrisburg to block Gov. Tom Wolf’s proposal to raise taxes on the natural gas industry. “It defies good economic policy to single out a key industry and economic engine by instituting an onerous energy tax that would generate limited ...

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Ohio tax panel: Go slow with oil and gas industry

COLUMBUS — The oil and gas market remains too volatile to consider an immediate tax hike on an industry that Gov. John Kasich has repeatedly said was getting a great deal in Ohio, an informal legislative panel said Thursday. The panel, part of the broader 2020 Tax Policy Study Commission, had been working behind closed doors with the industry. The ...

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Study suggests increase of gas severance tax

The West Virginia Center on Budget and Policy has released a study suggesting that raising the state’s severance tax on natural gas liquids could increase revenue and help West Virginia profit from the use of the liquids in state. The study, which was released by the center on Wednesday, lays out a plan to increase the gas severance tax from ...

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Turzai: Thanks for the layoffs, Wolf

Tell us how you really feel about Wolf’s energy policies, Mike. In a strongly-worded commentary during Shale Insight, a natural gas convention in Philidelphia, State Representative Mike Turzai sourced the energy industry layoffs in part to Gov. Tom Wolf’s proposed severance tax. According to a Pittsburgh Business Times report, Turzai said in a panel discussion that the mass shedding of ...

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Severance Tax: Compromise is now an option

On Monday, Pennsylvania Governor Tom Wolf shared that he would be open to discussing potential compromises regarding the severance tax he has proposed. While speaking in Western Pennsylvania, Wolf made the following comment regarding his stance on the state’s budget and severance tax: I want a better Pennsylvania. If I’m convinced we can have a better Pennsylvania with something better ...

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Republicans say they will create own budget to avoid stalemate

HARRISBURG — Thursday came and went without discernible movement in the state budget standoff between Gov. Tom Wolf and legislative Republicans, increasing the likelihood that lawmakers send the Democratic governor legislation without his priorities by the deadline early next week. House Majority Leader Dave Reed, R-Indiana, said Thursday afternoon that while House Republicans maintain the goal of all parties reaching ...

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Shale gas industry brings gas tax debate to TV screens

The great debate between the shale gas industry and Governor Tom Wolf regarding Wolf’s proposed gas tax is still going strong, but the industry has taken things to a new level and is reaching people through their television screens. As reported by State Impact Pennsylvania, “The Pennsylvania Chamber of Business and Industry, which leads a coalition of groups opposing the ...

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McGinty: Time for severance tax action

HARRISBURG – Saying the gas industry is distorting information about its economic health, a top aide to Gov. Tom Wolf said Monday it is time for lawmakers to pass a state severance tax on Marcellus Shale production. Chief of Staff Katie McGinty said lawmakers need to work in a bipartisan fashion on severance tax legislation in the same way the ...

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