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Tag Archives: severance tax

Marcellus horizontal well activity

Activity in the Marcellus Shale hasn’t changed much, but Governor Tom Wolf’s decision put in place a natural gas severance tax has caused an uproar within Pennsylvania. Wednesday of last week, Wolf shared his proposed 5 percent state severance tax on natural gas production.  The tax would balance out the impact of shale drilling in counties located in Northeast Pennsylvania.  ...

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Editorial: A natural gas drilling tax is fair, sensible

If Republican state lawmakers do not pass a severance tax on natural gas drillers, they’ll be bucking the wishes of a solid majority of Pennsylvanians. And they won’t have a recalcitrant governor to blame this time around. During Tom Corbett’s first and only term, the natural gas industry boomed in Pennsylvania, yet he stubbornly rejected calls — even from within ...

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Wolf severance tax keeps impact fee distribution

HARRISBURG – Gov. Tom Wolf proposed Wednesday a 5 percent state severance tax on natural gas production that continues state payments to offset the impact of drilling on shale counties in Northeast Pennsylvania and elsewhere. Mr. Wolf said 5 percent is a “reasonable” tax rate that could generate up to $1 billion mostly for public education by the fiscal 2016-17 ...

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Wolf unveils natural gas severance tax proposal

THORNDALE, Pa. — Gov. Tom Wolf says he’ll push for higher taxes on Pennsylvania’s natural gas industry that are identical to West Virginia’s to help boost aid to public schools. Wolf, a Democrat, appeared Wednesday at Caln Elementary School in Thorndale, about 30 miles west of Philadelphia, as he kicked off a statewide “Schools that Teach Tour.” Wolf wants a ...

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Things To Know at the Colorado statehouse

DENVER — One-fourth of the 2015 legislative session is in the books, meaning the niceties are over and longer days await lawmakers. Here’s what will be keeping lawmakers busy this week: FRACKING Republicans peeved at cities and counties that have put limits on oil and gas drilling have proposed punishing them by withholding tax revenue they get from drilling, called severance ...

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New state House bill links severance tax, impact fee

HARRISBURG – Four House lawmakers plan to introduce a bill to levy a 3.2 percent state severance tax rate while maintaining driller impact fees to Marcellus Shale counties. Their proposed severance tax rate would be much lower than the 5 percent severance tax rate suggested by Democratic Gov. Tom Wolf during last year’s campaign and proposed by other lawmakers of ...

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Falling oil prices problematic for state, local governments

LAWRENCE, Kan. — In Kansas and elsewhere, state and local governments that receive taxes from the production of oil and natural gas could face budgetary challenges as prices plunge. Issues arise with two taxes tied to oil and gas prices and production: severance and property taxes, the Lawrence Journal-World reported Saturday. The severance tax is a state levy on minerals extracted ...

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Study says extraction tax isn’t enough

Pennsylvania Business Daily reports that according to the Allegheny Institute of Public Policy, natural gas production rates would need to double in order to compensate for lost revenue if Gov.-elect Tom Wolf’s proposed five percent severance tax replaces the current impact fee. Since the impact fee was established by Act 13 in 2011, $632.4 million in revenue has been generated. ...

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