Scrapbook Photo 03/25/24 - 93 New Stories - REAL Environmental & Conservation Leadership In PA: http://tinyurl.com/3729bhvv
Natural Gas Impact Fee Revenue Shrinks Another $13.1 Million For 2016
Photo

The Independent Fiscal Office Monday said the Act 13 drilling impact fee will being in $13.1 million less than last year for a total of $174.6 million.  That’s down $61.2 million from its high in 2013 of $225.7 million-- a 27 percent reduction.

That means Act 13 funding for environmental programs is $22.1 million less than in 2013.

IFO said the estimated revenue equates to an effective tax rate of 5 percent, down from 6.9 percent in 2015 and 2.4 percent in 2014, the year with the lowest effective tax rate.

The IFO pointed to several factors for the reduction: there are not enough new wells to offset older producing wells; reduced collections from newly-exempt older wells and collections from previously-exempt wells not rising about the production thresholds.

A copy of the full report is available for download.

NewsClips:

Revenue From Drilling Impact Fees Expected To Fall Again This Year

Washington County Commissioner To HBG: Keep Act 13 Impact Fee

Wolf To Push Again For Severance Tax On Natural Gas Industry

McKelvey: Harrisburg Revs Up For Natural Gas Severance Tax Fight

New Year, Another Round Of Natural Gas Severance Tax Proposals, Nothing For Environment

Editorial: Natural Gas Severance Tax A Nonstarter

Bay Journal: PA Lawmakers Proposed Water Fee To Raise Cleanup Funds

Thompson: Wolf’s Challenge: How To Balance Budget Without Broad Tax Increase

AP: Grim New Forecast Sees Nearly $3B Budget Gap In PA

Independent Report Shows PA Revenues Down Yet Again

AP: Wolf To Consolidate Health, Aging, Drug, Human Services Agencies

PA Budget Crunch: Wolf Wants To Merge 4 Departments

Murphy: Wolf To Propose Consolidating 4 Agencies Into 1

Crable: EPA Pick Says He Will Support, Enforce Chesapeake Bay Cleanup, More Funding

Trump Team Plans Big Cuts At EPA

AP: Official: Trump Wants To Slash EPA Workforce, Budget

Crable: State Parks Increase Fees For Camping, Swimming, Add Transaction Fees

[Posted: Jan. 24, 2017]


1/30/2017

Go To Preceding Article     Go To Next Article

Return to This PA Environment Digest's Main Page