IFO Projects 2021 PA Impact Fee Revenue Soars, Up 60% to $233M

In early 2021 Pennsylvania raised $144.85 million from its version of a severance tax, called an impact fee, based on drilling activity from 2020 (see IFO Projects 2020 PA Impact Fee Revenue Fell by $55.9M (28%)). It was the lowest amount raised since the impact fee was implemented in 2012. The state’s Independent Fiscal Office (IFO) is out with projections for how much revenue will be raised this year, based on drilling in 2021. The impact fee has soared to its second-highest level ever since it was launched in 2012!

---

To view this content, log into your member account. (Not a member? Join Today!)