The House Finance Committee Wednesday amended and voted 16 to 9 to report out House Bill 1401 (DiGirolamo-R-Bucks) which amends the Tax Code to impose a sliding scale natural gas severance tax, in addition to the Act 13 drilling impact fee, on natural gas production.

Revenue from the severance tax would go to the General Fund.

The bill also includes language to set a minimum royalty for gas production for property owners who lease natural gas drilling rights.

The bill now goes to the full House for consideration.

Rep. Bernie O’Neill (R-Bucks) serves as Major Chair of the Committee and can be contacted by sending email to: boneill@pahousegop.com.  Rep. Jake Wheatley (D-Allegheny) serves as Minority Chair and can be contacted by sending email to: jwheatley@pahouse.net.

NewsClips:

AP: Natural Gas Severance Tax Gets Life In House [Nothing For Environment]

Meyer: Severance Tax OK’d By Committee, May Hit Wall [Nothing For Environment]

Lawmaker Says Severance Tax Will Crush Jobs [Nothing For Environment]

[Posted: Oct. 18, 2017]

10/23/2017