Green Touch Builders | Severance tax methodology unfair to producers, critics say
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March 16, 2015 By SEO Admin

Severance tax methodology unfair to producers, critics say

Some business leaders and the natural gas industry are calling into question the way the proposed severance tax would be calculated.

The problem, says the Pennsylvania Chamber of Business and Industry and the Associated Petroleum Industries of Pennsylvania, is that the proposal sets floor values for natural gas and gas liquids. And those floors, as of the moment, are above current market prices, according to the organizations. As a result, some producers could wind up being taxed at rate higher…