Archive for 'Taxation'
This one is sure to disappoint landowners. In an Obamaesque move, conservative Republican Ohio Gov. John Kasich is set to propose a new tax on Utica and Marcellus shale gas drilling in order to reduce Ohio state income taxes.
Pennsylvania finally passed new Marcellus Shale drilling legislation last week, and Gov. Corbett signed the new legislation into law on Monday of this week (see this MDN story). One of the key provisions, and certainly one of the most contentious, is a provision to collect a new impact fee. But let’s be honest among friends, [...]
Washington County is among six counties in Pennsylvania that stand to receive more than $10 million in impact fee revenue this year from the newly adopted Marcellus drilling legislation signed into law by Gov. Corbett on Monday.
Butler County, PA commissioners have already voted to adopt an ordinance to collect the newly created impact fee, just two days after the new law was enacted:
No public ceremony for the signing of historic legislation to regulate Marcellus Shale gas drilling in Pennsylvania. Monday evening, Gov. Tom Corbett’s office announced he had privately signed the new legislation into law. A detailed summary of the legislation is embedded below. Among the key provisions in the final bill:
They must be smoking something good in Maryland—at least in the Maryland House of Delegates where Del. Maggie McIntosh (D-Baltimore) and Del. Sheila Hixson (D-Montgomery) introduced a bill last Friday that would require the state collect 15 percent of the wholesale value of any natural gas produced from Maryland’s portion of the Marcellus Shale.
Pennsylvania’s northeastern counties stand to bring in millions of new revenue this year under the impact fee that Gov. Corbett is soon due to sign. Once the legislation is signed, county governments will have 60 days to decide whether or not to adopt an ordinance adopting the new fee structure, along with the restrictions it [...]
The new Marcellus drilling legislation passed by the Pennsylvania House and Senate (both controlled by Republicans), and due to be signed by Gov. Tom Corbett (also a Republican) is a great milestone. It places new restrictions on drilling and makes regulation of drilling across the state more even-handed. There are many things to like about [...]
With the passage of the new Marcellus drilling law in Pennsylvania that establishes an impact fee, what happens next? The StateImpact website has a helpful timeline, which includes:
Pennsylvania legislators in both the PA House and Senate have debated for months on passage of new Marcellus drilling legislation. The main sticking point has been a local impact fee. Last week, Gov. Tom Corbett, a Republican now in his second year in office, sent the Republican-controlled legislature a “hurry up and get it done” [...]
The first of three reports due from the Maryland Marcellus Shale Safe Drilling Initiative Advisory Commission has just been issued. A copy of the 46-page report—about how to tax and sue the drilling industry—is embedded below. It’s interesting reading. On June 6, 2011, Maryland Gov. Martin O’Malley signed an Executive Order establishing the Marcellus Shale [...]
Although the Pennsylvania House, Senate and governorship are all controlled by Republicans (for the first time in many years), they have not yet agreed on new legislation that puts stricter environmental controls in place over shale gas drilling in the state. The pending legislation, introduced last year after Gov. Tom Corbett appointed an advisory commission [...]