PA IFO Predicts 2024 Impact Tax Will Fall $10-$15M from 2023

Last week, MDN brought you the news that the Pennsylvania Public Utility Commission (PUC) is now distributing money raised by the shale impact fee (PA’s version of a severance tax) from 2023 to municipalities and government agencies (see PA PUC Distributes 2023 Impact Fee – Revenue Dropped $99M YOY). The state raised and distributed $179.6 million based on 2023 activity --- down just over $99 million from a record-high $278.9 million raised and distributed last year from 2022 activity. The state Independent Fiscal Office (IFO) is out with an estimate for how much money will be raised and distributed from the 2024 impact fee assessment. Sadly, the revenue will fall again for the second year in a row.

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