Record revenues directly benefit local communities and statewide environmental programs
PITTSBURGH, Pa. – Pennsylvania’s natural gas tax generated more than a quarter-billion dollars in revenue last year, the Public Utility Commission announced this morning. Marcellus Shale Coalition president David Spigelmyer released the following statement on the latest impact tax revenues, which is paid in addition to all other state business taxes that are assessed:
“Pennsylvania’s natural gas impact tax is working as designed, as revenues – nearing $1.7 billion since 2012 – from this single tax on our industry are boosting investments in local communities across all sixty-seven counties. With a record $251.8 million generated last year, the impact tax empowers and supports key local initiatives and community projects that benefit every Pennsylvanian.
“Local governments rely on impact tax revenues to fund a host of priorities, including enhancing road and bridge infrastructure, flood mitigation and prevention, emergency response planning and equipment, and local parks, playgrounds and trails. Additionally, more than $450 million has been invested in statewide environmental infrastructure grants, including water and wastewater treatment systems, brownfield site remediation, flood mitigation and prevention, abandoned well plugging and other capital improvement projects.
“Unique to our state, Pennsylvania’s impact tax continues to be a winning policy solution for the Commonwealth.”
NOTE: Click HERE to view the complete 2018 county and municipal distribution.
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