|Posted:||April 25, 2017 04:23 PM|
|From:||Senator John T. Yudichak and Sen. Thomas H. Killion|
|To:||All Senate members|
|Subject:||Fair and Responsible Natural Gas Severance Tax|
In the near future, we plan to introduce legislation to implement a fair and responsible severance tax on natural gas extraction that invests in the popular Growing Greener program, additional environmental protection programs, and job creation in Pennsylvania.
Our legislation would establish a severance tax that would generate new revenue and ensure that all current Act 13 of 2012 impact fee beneficiaries are held harmless. While the rate would be assessed on the gross value of natural gas severed at the wellhead, it would contain a mechanism to ensure that collections do not exceed a set annual threshold that is indexed to inflation.
The new revenue generated by this measure would be divided in three ways in order to:
We hope that you will join us in co-sponsoring this important proposal. Should you have any questions, please feel free to contact us.