Natural-Gas Tax Receipts Overly Optimistic, Industry Says


Pennsylvania Gov. Edward Rendell's proposed natural-gas extraction tax would raise only a portion of the amount estimated by the state Office of the Budget, natural gas industry officials say.

"His numbers are off by a factor of four," an industry spokesman said. "Sure, there's a lot of activity in exploration, leasing land, but the level of production hasn't followed quite yet."

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Published In: Energy & Utilities Updates, Tax Updates, Zoning, Planning & Land Use Updates

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