A04207
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1401
Session of
2017
INTRODUCED BY DiGIROLAMO, DeLISSIO, MURT, READSHAW, DEAN,
STURLA, O'BRIEN, KINSEY, FREEMAN, McNEILL, CHARLTON, DAVIS,
D. COSTA, V. BROWN, DONATUCCI, PASHINSKI, SOLOMON, COMITTA,
DALEY, McCARTER, SANTORA, KRUEGER-BRANEKY, GALLOWAY AND
THOMAS, MAY 18, 2017
AS REPORTED FROM COMMITTEE ON FINANCE, HOUSE OF REPRESENTATIVES,
AS AMENDED, OCTOBER 18, 2017
AN ACT
Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
act relating to tax reform and State taxation by codifying
and enumerating certain subjects of taxation and imposing
taxes thereon; providing procedures for the payment,
collection, administration and enforcement thereof; providing
for tax credits in certain cases; conferring powers and
imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations
and other entities; prescribing crimes, offenses and
penalties," providing for natural gas drilling tax investment
VOLUMETRIC SEVERANCE TAX; in general provisions, providing
for protection of water supplies; AND MAKING A RELATED
REPEAL.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The act of March 4, 1971 (P.L.6, No.2), known as
the Tax Reform Code of 1971, is amended by adding an article to
read:
ARTICLE XI-E
NATURAL GAS DRILLING TAX INVESTMENT
PART I
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