The PA Budget and Policy Center Monday released a new report which found the Corporate Net Income tax payments of Marcellus Shale drilling companies peaked in 2011 and now have an effective tax rate of less than 1.9 percent paying just $10.3 million in 2013.  Individuals pay a 3.07 percent income tax rate.

The report also found oil and gas producers paid just 9 percent of Corporate Income taxes collected while drilling support companies-- pipeline, distribution and other related industries-- paid the other 91 percent.

The report noted drilling companies did pay $223 million in drilling impact fees in 2013.

At the same time, natural gas production increased from 65 billion cubic feet in 2009 to 3.1 trillion cubic feet in 2013.

The report is available online.

NewsClips:

Report: Gas Drillers Can Afford A Severance Tax

Report: Loopholes, Tax Incentives Lets Drillers Pay Less In Taxes

Polls Show PA Not Solidly Behind Drilling Tax

Column: Gas Industry Poll Shows, If You Ask The Right Question

Budget Talks Heating Up Severance Tax Debate

Severance Tax?, Maybe Top House Republican Says

Rendell Urges Severance Tax To Pay For Early Education

Chester, Montgomery Counties Receive Impact Fees

Drilling Impact Fee Dollars On The Rise

DEP Increases Gas Well Permit Fees

DEP Raises Permit Fees For Shale Gas Drillers

Op-Ed: Lawmakers Need A Drilling Impact Fee With Real Impact

Op-Ed: Stop Leasing State Land For Gas Drilling

Letter: Vitali’s Criticism Of State Forest Leasing Off-Base

Corbett Hints He’ll Hold Up Budget Over Pensions

Scarnati Says Budget Deadline Is Dog Years Away

6/16/2014