Currents - Energy Industry Insights: Volume 5, Issue 7

Pennsylvania Gov. Tom Wolf Floats Natural Gas Tax to Pay for $3 Billion Pandemic Recovery Plan -

"Long a proponent of an extraction tax, Wolf said it could pay for improvements to workforce training and support, remove inequities in the state’s workforce development programs and attract businesses to Pennsylvania where one in seven workers was sidelined during the business disruption caused by COVID-19."

Why this is important: Governor Wolf has proposed a natural gas tax to fund the "Back to Work PA" workforce and economic development plan. The components of the plan include ensuring broadband access for all Pennsylvanians, investing in programs to assist the workforce with improving their skills and obtaining employment, and developing a strong reshoring initiative. The proposal seeks to add a natural gas tax, in addition to the existing impact fee imposed pursuant to Act 13 of 2012.

Please see full Newsletter below for more information.

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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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