Wednesday, October 11, 2017

House Finance Committee Meets Oct. 16 On Natural Gas Severance Tax Bill

The House Finance Committee is scheduled to meet October 16 to consider House Bill 1401 (DiGirolamo-R-Bucks) imposing a 3.2 percent natural gas severance tax in addition to the Act 13 drilling impact fee.
The proposed tax would raise an estimated $300 to $400 million annually, according to the sponsor, and be distributed to: basic education accountability block grants-- 40 percent; state pension funds-- 30 percent; human service programs-- 15 percent; and the Environmental Stewardship (Growing Greener) Fund-- 15 percent ($75 - $100 million).
However, PLS Reporter reported Friday an amendment will be offered to direct all monies to the General Fund.
Click Here for a sponsor summary of the bill.
The meeting will be held in Room 140 Main Capitol starting at 11:00.  Typically, House committee meetings are webcast through the House Republican Caucus website.
Rep. Bernie O’Neill (R-Bucks) serves as Major Chair of the Committee and can be contacted by sending email to:   Rep. Jake Wheatley (D-Allegheny) serves as Minority Chair and can be contacted by sending email to:

No comments :

Post a Comment

Subscribe To Receive Updates:

Enter your email address:

Delivered by FeedBurner