August 30 PA Environment Digest now available. Click here to print this Digest.
Rendell Proposes Oil Company Tax, Driver/Vehicle Fee Increases For Transportation
Gov. Rendell this week unveiled what he said would be a $1 billion increase in annual transportation-- highway and transit-- funding. His plan (no surprises here) includes--
-- $576 million from a new net profits tax on oil companies which he said now only paid $35 million in state Corporate Net Income Tax, while making $5 billion in profits in Pennsylvania; and
-- $434 million by raising driver and vehicle fees consistent with the increase in inflation (for the average driver the increase would cost 33 cents per week). Click here to read more...