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

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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.

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Published In: Administrative Agency Updates, General Business Updates, Energy & Utilities Updates, Tax 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.

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