Thursday, June 19, 2014

Rep. DiGirolamo Introduces 4.9 Percent Natural Gas Severance Tax Proposal

Rep. Gene DiGirolamo (R-Bucks) Thursday introduced House Bill 2358 (DiGirolamo-R-Bucks) providing for the imposition of a 4.9 percent natural gas severance tax to replace the drilling impact fees-- sponsor summary.
The bill would allocate 40 percent of revenues to replace impact fee revenues now going to local governments.
The remaining 60 percent would be allocated to these programs--
-- Basic education                                                             40%
-- Environmental Stewardship Fund (Growing Greener) 10%
-- Investment in State Parks & State Forests                     10%
-- Solar energy-Pennsylvania Sunshine Program              4%
-- Drug and Alcohol Programs                                           8%
-- Adults with Special Needs                                              8%
-- Behavioral Health                                                            5%
-- Human Services Development Fund                                5%
-- Homeowners’ Emergency Mortgage Assistance           3%
-- Rape and Domestic Violence Programs                          2%
-- Veterans Homes                                                              2%
-- Industry Partnerships                                                       3%
The bill was referred to the House Environmental Resources and Energy Committee. Click Here for a summary of other severance tax proposals now in the Senate and House.

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