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Keyword: natgastax

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  • Gov. Tom Wolf outlines 5 percent tax on natural gas drilling (It's for the Children!)

    02/11/2015 4:31:51 PM PST · by Kid Shelleen · 26 replies
    PennLive ^ | 02/04/2015 | Wallace McKelvey
    Gov. Tom Wolf outlined his proposal for a 5 percent severance tax on natural gas production, most of the proceeds of which will go toward education funding. "It's not like this is out of the blue," he said, in a speech from a Chester County elementary school. "We're the only state in the union with natural resources without a severance tax." The tax, which Wolf said was modeled after one in place in West Virginia, was a key component of his gubernatorial campaign.