PA PUC Publishes Fee Schedule for Marcellus Impact Fee/Tax 2023
In December, Pennsylvania's Independent Fiscal Office (IFO), the agency charged with providing revenue projections along with impartial and objective analysis of fiscal, economic, and budgetary issues for the citizens and legislature of Pennsylvania, provided its best guess as to how much revenue the PA impact fee (i.e., severance tax) will generate from shale wells drilled or flowing in 2023 (see PA IFO Predicts Impact Tax Revenue to Drop 38% in 2023). The IFO bases its projections on the number of wells and the assessment for each well according to how many years it has been drilled. The agency that publishes the fees to be assessed for each well is the PA Public Utility Commission (PUC). The PUC published the official list of impact fee charges for 2023 in last Saturday's PA Bulletin.
To view this content, log into your member account. (Not a member? Join Today!)