Governor Signs into Law Three Bills Affecting Oil and Gas Drilling, Real Estate Taxation

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On July 7th, Governor Corbett signed into law House Bills 143, 144, and 562. House Bill 143 amends the Pennsylvania Farmland and Forest Land Assessment Act of 1974 to permit property owners under preferential assessments to lease a portion of their property for non-coal surface mining use. A property owner making such a lease would only be assessed roll-back taxes on that portion of the property which was leased.....

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