PA Pays Out $234M in Impact Tax for 2021 – 2nd Highest Ever
Last Friday the Pennsylvania Public Utility Commission (PUC) posted detailed information about this year’s distribution of last year’s impact fees generated by natural gas producers. Great news! PA raised a total of $234 million from Act 13 impact fees (PA’s version of a severance tax). That is the second-highest amount raised and distributed by impact fees from the beginning of the program. The impact fee is based, in part, on the NYMEX Henry Hub price of natural gas. The price went up a lot last year. It's gone up even more this year. County and municipal governments directly affected by drilling are receiving a total of $123 million for the 2021 reporting year--roughly half of the revenue raised. The rest goes into the black hole of Harrisburg where PA politicians use it as play money for their favorite causes.
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