On Thursday, Sen. James Brewster (D-Allegheny) introduced Gov. Wolf’s natural gas severance tax proposal as Senate Bill 116 (sponsor summary).
The legislation as introduced clarifies provisions related to the existing Act 13 drilling impact fee saying it would expire on January 1, 2016, but would set specific caps on allocations for local governments, environmental and other programs from revenue generated by the severance tax thereafter.
The legislation also maintains the $2.97 base minimum price of natural gas used to calculate the severance tax and a provision which hopes to void existing contracts landowners have that would make them responsible for paying a portion of the severance tax.
Related Article:
Analysis: Where Is The Environmental Funding In Gov. Wolf’s Severance Tax?
No comments:
Post a Comment