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Pennsylvania House of Representatives
11/13/2024 04:37 AM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?SPick=20170&chamber=H&cosponId=21568
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House of Representatives
Session of 2017 - 2018 Regular Session

MEMORANDUM

Posted: December 21, 2016 12:23 PM
From: Representative James R. Santora
To: All House members
Subject: Severance tax on natural gas extraction in Pennsylvania
 

In the near future, I will introduce legislation imposing a severance tax on natural gas extraction in Pennsylvania (previously introduced as HB1743, 2015-2016). We have witnessed staggering growth in this industry in recent years, and as it is now a major sector in our economy with a established footing here, it is time to join other producing states and levy a fair and competitive tax that will provide important new revenues for the Commonwealth.

My legislation charges a tax of 4% of the gross value of units severed. This tax is in addition to our current Unconventional Gas Well Fee, resulting in a total assessment that remains competitive with other states. All revenues realized by this toll will go directly into a new “Severance Tax Education Fund” to help fund education and expand opportunities for Pennsylvania’s children.

Please join me in co-sponsoring this legislation.




Memo Updated: December 21, 2016 12:26 PM