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A bill that would establish a new oil and gas severance tax in Pennsylvania is moving forward. The Natural Resource Severance Tax Act would establish a tax equivalent to West Virginia's - 5 percent tax on the value of gas extracted plus 4.7 cents on ever

Pennsylvania faces a projected General Fund shortfall of at least $500 million. Gov. Rendell proposed a $29 billion budget for 2010-11 that increases business taxes, imposes new taxes on natural gas and tobacco products, and expanding the sales tax to inc

Severance taxes are incurred when non-renewable natural resources are separated (or severed) from a taxing jurisdiction, and these taxes can affect several industries - such as the oil and gas, coal, mining, and timber industries. Our goal at SeveranceTax

"The report doesn't take a position on the severance tax," said Blumsack. "We don't say that there should be a tax, we don't say that there shouldn't be a tax. That's not the purpose of this report." Blumsack told WJAC-TV that any additional regulations

The Marcellus Shale boom is accomplishing something that all of Governor Rendell's economic development programs cannot: permanent jobs and more state tax revenue without a dime of taxpayer subsidies. Resisting the calls to tax natural gas producers will

Pennsylvania faces a projected General Fund shortfall of at least $500 million. Gov. Rendell proposed a $29 billion budget for 2010-11 that increases business taxes, imposes new taxes on natural gas and tobacco products, and expanding the sales tax to inc

If the General Assembly adopts both proposed exemptions, only one-third of total gas production at a typical Marcellus Shale well would be subject to severance tax, and companies would pay tax for only nine years of the 40-year life of the well. This two-

A tax imposed on the removal of nonrenewable resources such as crude oil, condensate and natural gas, coalbed methane and carbon dioxide. Severance tax is charged to producers, or anyone with a working or royalty interest, in oil or gas operations in the

The House Environmental Resources and Energy Committee today voted 17-9 to report out House Bill 1489 (George-D-Clearfield) which includes yet another version of a severance tax on natural gas production and includes a tax credit to help drilling companie

An agreement last week by the Pennsylvania General Assembly to pass a severance tax on natural gas by October has some in the industry questioning why they have been singled out for new taxes while many similar and more established industries in the state

Unintended Consequences: Proposed Tax Breaks for Natural Gas Industry Are Bad Deal for Pennsylvanians

A well-structured severance tax on natural gas production will provide Pennsylvania with a stable source of revenue for critical services, including education and health care, as well as for the environmental and local costs that come with increased drill

In connection with the completion of the 2010-2011 budget for the Commonwealth of Pennsylvania, the General Assembly has expressed its intention to pass legislation imposing a severance tax on the extraction of natural gas. The structure and rate of the t

Pennsylvania Governor, Ed Rendell, is promoting a severance tax on natural gas produced in the state while the industry dislikes the idea. An article at Philly.com explores the Governors position and industry response. Related Topics: * Pennsylvania

This report examines the key effects a California oil severance tax would have and pinpoints the lessons that can be learned from California about the effects of severance taxes more generally. The report establishes the range of potential revenues the ta

In December 2007, Governor Sarah Palin gave Alaskans a nice present. Courtesy Image Courtesy Image She signed legislation boosting Alaska's severance tax. The state would now take 25 percent of taxable income derived from oil and gas production. Previou

During the Marcellus Shale debate, one of the Republican talking points we heard was that if PA's severance tax was too high, or if our environmental regulations were too strict, natural gas drillers would move across the border to Ohio. The theory was that high taxes and high regulatory costs would lead to less drilling, by driving up the cost of production. This was always a silly argument, since less drilling would mean higher prices for gas, and leading to more sustained interest in drilling.

The League of Women Voters of Pennsylvania said Monday it was recommending the adoption of a severance tax on natural gas extracted from the Marcellus Shale across the state.

House and Senate leaders say they're confident the General Assembly by Oct. 1 will pass a severance tax on natural gas extracted from the Marcellus shale formation, despite unresolved issues.

Video of Timothy J. Considine, Ph.D. of Natural Resource Economics and author of a new study on natural gas production in the Marcellus Shale region, explains how a Pennsylvania severance tax could reduce capital inflows for developing natural gas product