PA Senate Ctte Approves Tax Credit for Hydrogen, Natural Gas

Two days ago, we told you that Pennsylvania Gov. Tom Wolf and Republicans from the state legislature are reportedly working hard on a “massive development package” of tax credits that would, among other things, encourage MORE natural gas development in the Keystone State (see PA Lawmakers, Gov Working on $3.6B Tax Credits for Natgas, H2, More). The tax credit amendment effort is being rushed to beat the end of the year, before a new legislature and new governor are installed. The PA Senate Appropriations Committee yesterday voted 21-3 on a bipartisan basis to add the tax credit amendment to House Bill 1059 with no debate. This initiative appears to be on a fast track to passing.

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