The PA Budget and Policy Center Monday released a new report which found the Corporate Net Income tax payments of Marcellus Shale drilling companies peaked in 2011 and now have an effective tax rate of less than 1.9 percent paying just $10.3 million in 2013. Individuals pay a 3.07 percent income tax rate.
The report also found oil and gas producers paid just 9 percent of Corporate Income taxes collected while drilling support companies-- pipeline, distribution and other related industries-- paid the other 91 percent.
The report noted drilling companies did pay $223 million in drilling impact fees in 2013.
At the same time, natural gas production increased from 65 billion cubic feet in 2009 to 3.1 trillion cubic feet in 2013.
The report is available online.
