For Lawyers | Log In | Join | Upload
WORKING... advanced

Local And State Tax Revenues Jump In Drilling Areas, According To Marcellus Coalition

more+
less-

Collections of Pennsylvania sales tax, realty transfer tax and other local and state taxes remain robust in concentrated natural-gas drilling regions of the state, according to a Penn State University study commissioned by the Marcellus Shale Coalition.

The coalition released the findings in a March 21, 2011, press release:

The data indicate that counties with 150 or more Marcellus wells experienced an 11.36 - percent increase in state sales-tax collections between 2007 and 2010. Counties with fewer Marcellus wells reported declining state sales-tax collections, but they still did better than counties with no Marcellus wells, which reported steeper declines. These data suggest that counties with Marcellus Shale development fared better in retail sales during the years 2007–2010 than those counties without.

Please see full article below for more information.


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

Published In: Administrative Law Updates, Commercial Law & Contracts Updates, Energy & Utilities Law Updates, Tax Law Updates, Zoning, Planning & Land Use 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.

© Duane Morris LLP | Attorney Advertising

×

Expand Your Reach

JD Supra gets your content noticed, increases your visibility and makes your marketing efforts hassle free...

Learn More  or  Schedule a demo