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

more+
less-

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.....

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Energy & Utilities Updates, Environmental Updates, Residential Real Estate Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© McNees Wallace & Nurick LLC | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »