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House and Senate Propose Severance Tax Bills

05/02/2018 11:59 AM | Anonymous member (Administrator)

Governor Wolf and several legislators have proposed bills to impose a severance tax on natural gas production.  The bills, Senate Bill 1000 and House Bill 2253 have not been published on the pa.gov website yet, but check regularly for updates and progress at http://www.house.state.pa.us/ and http://www.pasen.gov/.  The text of the final bill may include changes to the Guaranteed Minimum Royalty Act, so keep yourself informed on these bills.



Comments

  • 06/05/2018 6:59 AM | Anonymous member (Administrator)
    Follow-up

    The content of these bills, as of June 7, 2018, does indeed contain changes to the Guaranteed Minimum Royalty Act. Go to http://www.legis.state.pa.us/ for up to date information on the proposals. Type SB1000 in the search box to find the most recent printer's version of the bill. As of June 7, Senate Bill 1000 was referred to the Senate Environmental Resources and Energy Committee for consideration.
  • 07/18/2018 10:31 AM | Anonymous member (Administrator)
    Follow-up

    Though it is unlikely that this particular pass will pass this year now that Governor Wolf has thrown in the towel on this one, keep watch on the Severance Tax issue. It is likely to resurface!
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