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Another severance tax bill related to Marcellus Shale is proposed in Pennsylvania

  • Reed Smith LLP
  • -
  • USA
  • -
  • March 31 2011

The Marcellus Shale legislative season remains in full bloom as another severance tax bill was introduced in the Pennsylvania General Assembly this week

New analysis of potential jobs and state revenue following a Pennsylvania severance tax on natural gas extraction

  • Reed Smith LLP
  • -
  • USA
  • -
  • September 15 2010

A recent report from researchers at the Pennsylvania State University indicates that, athough a state severance tax on natural gas extraction would have negative economic consequences on gas production companies, the overall benefit of state and local spending of revenue from the tax could increase population in the state by 1,300 people, add 1,400 new workers, and boost business sales by $80 million as well as personal income by $20 million

One step closer to a Marcellus Shale gas severance tax in Pennsylvania

  • Reed Smith LLP
  • -
  • USA
  • -
  • September 30 2010

Last night, the Pennsylvania House of Representatives voted 104-94 in favor of passing Senate Bill 1155, the state's first natural gas severance tax