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Penn State: Severance Tax, Impact Fee Proposals Will Have Little Impact On Industry
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A new study by Penn State University professors has concluded the major Marcellus Shale natural gas severance tax or impact fee proposals will have little impact on the economic growth of the industry in Pennsylvania.
The study by Professors David Passmore and Rose Baker of the Institute for Research in Training and Development at Penn State looked at Senate Bill 1100 (Scarnati-R-Jefferson), Senate Bill 905 (Yudichak-D-Luzerne, Erickson-R-Delaware), House Bill 1406 (Harper-R-Montgomery) and House Bill 33 (Vitali-D-Delaware). The study, "Potential Pennsylvania Economic Impact of Four Natural Gas Severance Tax/Fee Proposals, 2011-2015," was presented at a seminar, Evaluating Fiscal Impacts: The Example of an Oil and Gas Severance Tax, sponsored by Regional Economic Models, Inc. in Harrisburg on May 18. Slides from the presentation are also available.
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5/23/2011 |
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