PA Senators Propose Suspending Income Tax for NatGas Drillers

There's a reason a single shale play near the Gulf Coast, the Louisiana and East Texas Haynesville, has more active rigs and drills more wells than both the Marcellus and Utica shales combined. That reason? Lower taxes and less regulation. Particularly compared with Pennsylvania, where the taxes and "fees" are high and regulations are far too restrictive. Two Pennsylvania State Senators, one of whom is in a primary for governor, propose to correct the situation with a new bill that would suspend the state income tax on shale drillers, among other positive moves.

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