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Support the
Gas Severance Tax
for 2010
Contact
your Pennsylvania legislators here
Check the facts:
70% of Marcellus Shale Wells Don't Pay
Corporate Net Income Tax
(This 2009 Bill did
not become law) Pennsylvania HB 1489
Requires producers to
provide a wellhead meter certification from an
accredited lab for each site utilized to sever gas;
exempts gas wells that produce less than 60MCF per day
from taxation; and provides for the distribution and
transfer of funds from the Natural Gas Severance Tax
Fund for the following purposes. The State Treasurer
shall make the following transfers on a quarterly basis
beginning the first business day of January 2010 -- 60%
to the General Fund; 3% to the Department of Welfare for
LIHEAP assistance; 15% to the Environmental Stewardship
Fund; 4% to the Hazardous Sites Cleanup Fund; and, 5% to
the Liquid Fuels Tax Fund. Additionally, the State
Treasurer shall distribute monies from the fund on a
quarterly basis as follows: 4.5% to municipalities where
natural gas has been severed on a pro-rata basis; 4.5%
to counties where natural gas has been severed on a
pro-rata basis; 2% to the PA Game Commission; and, 2% to
the Fish and Boat Commission.
Update 9/3/09 - Gas Severance Tax
not off the table, in spite of Governor Rendell's
remarks
HB 1489 calls for a 5
percent tax on the gross value of gas extracted and
4.7-cents for every thousand cubic feet of gas produced.
The tax would not apply to smaller wells producing
60,000 standard cubic feet a day or less. The tax would
generate roughly $600 million annually for state and
local governments by 2013-14.
See the News & Events webpage for an article
explaining why this Bill did not pass in 2009 |
