Pennsylvania Tax on Natural Gas "Probable," Industry Says

more+
less-

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...

Please see full article below for more information.

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

Published In: Administrative Agency Updates, Elections & Politics Updates, Energy & Utilities Updates, Environmental 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.

© Duane Morris LLP | 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 »