Tuesday, February 24, 2015

Rep. Conklin Introduces 2 Natural Gas Severance Tax Proposals

Rep. Scott Conklin (D-Centre) introduced not one but two natural gas severance tax proposals this week--
-- House Bill 526 would impose a 5 cents per volume severance tax dedicated solely to facilitate the growth of natural gas transportation systems (sponsor summary).
-- House Bill 528 would impose a 10 cents per volume severance tax and dedicate up to $300 million in revenue to the Low-Income Energy Assistance Program and any remaining revenue would be dedicated to the Property Tax/Rent Rebate Program (sponsor summary).

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