Pennsylvania Tax on Natural Gas "Probable," Industry Says

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Pennsylvania's revenue collection numbers and the hope for approval of legislative initiatives that would remove certain restrictions for the gas-drilling industry make an extraction tax "probable but not definite," industry officials say. "More companies are open to discuss a reasonable and fair tax," said one industry official who asked not to be identified. "But we would also like to see some guarantee of movement on our issues."

The industry is looking for three key changes to the law...

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