PA Gov. Ed Rendell Proposes Tax on Marcellus Shale Gas Production

Pennsylvania Gov. Ed Rendell, in commenting on a serious budget shortfall in Pennsylvania, is proposing a new tax on gas production coming from wells tapping the Marcellus Shale formation.

The governor also said he will seek a “severance” tax, or extraction tax, on gas produced in the vast Marcellus Shale formation. Pennsylvania is the only gas-producing state without such a tax. The governor’s plan to establish one, at the level set by other states, would help to increase state revenue without adversely affecting gas exploration and extraction.

Scranton Times-Tribune: Grim, realistic across board.

Related posts:

1. PA Gov. Ed Rendell Justifies New Tax on Marcellus Shale Drilling
2. PA Gov. Rendell Predicts His Proposal to Tax Marcellus Shale Gas is DOA
3. PA Marcellus Shale Coalition Responds to Gov. Ed Rendell’s Fibbing