PITTSBURGH, Pa. – Pennsylvania’s tax on natural gas, the impact fee, has generated more than $2 billion in new revenue since 2012, including $146.3 million for 2020, the state’s Public Utility Commission reported today. Marcellus Shale Coalition (MSC) president David Callahan issued the following statement in response to the revenues that directly benefit all 67 counties.
“Pennsylvania’s natural gas tax continues to deliver important benefits for the entire Commonwealth. Generating more than $2 billion since 2012, the impact tax is a successful policy for Pennsylvanians, local governments, environmental conservation programs, emergency response efforts and much more.
“While our industry was certainly impacted by the economic effects of the pandemic, this tax further demonstrates how all Pennsylvania communities and families share in the many benefits of responsible natural gas development.
“Today’s announcement should serve as yet another a reminder to policymakers that the natural gas industry’s role in creating broad-based economic, environmental and national security benefits is essential and that our current tax framework is the right choice for the Commonwealth.”
NOTE: For more information about some of the impact tax’s many benefits, click HERE, HERE, HERE, HERE, HERE and HERE.
