Thu. Nov 21st, 2024

Coudy News

Late Breaking News for Coudersport and Northcentral PA

Pa. House Debates Marcellus Gas Drilling Tax Bill

1 min read

centredaily.com

HARRISBURG, Pa. — The Pennsylvania House of Representatives is debating legislation to impose a tax on natural gas drilling and divide the proceeds among state and local governments, environmental programs and others.

The House on Tuesday took up the proposal by Appropriations Chairman Dwight Evans, a Philadelphia Democrat, to tax gas at the rate of 39 cents per 1,000 cubic feet. The rate is based on the price of natural gas, and could rise if the price rises.

The tax is expected to raise $300 million in a full year.

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