Pennsylvania

JPZenger

(6,819 posts) Sun Feb 23, 2014, 08:25 PM Feb 2014

PA. has missed out on $430 million because of lack of gas extraction tax

For many years, PA. Dems have been seeking that PA. adopt a gas extraction tax. Every other state with a significant gas industry has this type of tax - including Texas, which Corbett says is his model state.

PA. could have raised over $430 million more in the last 3 years in tax revenue from gas extraction if PA. had adopted the same 5% tax rate that is in effect in West Virginia. As gas production rapidly increases in PA., Corbett's impact fees are not increasing.

http://www.trbimg.com/img-530a4914/turbine/mc-graphic-a-decade-of-pennsylvania-fracking-20140221/600/600x374

http://www.mcall.com/news/nationworld/pennsylvania/mc-pa-corbett-marcellus-shale-20140222,0,7975641.story#ixzz2u9jLfGgM

2 replies

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Highlight:

PA. has missed out on $430 million because of lack of gas extraction tax (Original Post) JPZenger Feb 2014 OP

Yes, but the gas drillers sure are happy. Curmudgeoness Feb 2014 #1

Bad company PADEMLeftie Feb 2014 #2

Curmudgeoness

(18,219 posts)

1. Yes, but the gas drillers sure are happy.

Reply to JPZenger (Original post)

Sun Feb 23, 2014, 08:31 PM

Feb 2014

And apparently, that is all that matters to Corbett.

PADEMLeftie

(11 posts)

2. Bad company

Reply to JPZenger (Original post)

Wed Feb 26, 2014, 08:17 PM

Feb 2014

Only state with fracking w/o

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