A group representing Pennsylvania’s natural gas industry and business concerns expressed their opposition to a severance tax on natural gas extracts today.
Before the General Assembly left for the Easter break, and in the intervening period, calls for a severance tax to ease budgetary pressures have grown as the June 30 budget deadline becomes closer.
Noting the industry has already paid $2.1 billion in state taxes since 2007 and $631 million under the Act 13 impact fee since 2012, Stephanie Wissman of the American Petroleum Institute (API) in Pennsylvania called proposals for an additional severance tax “irresponsible.”
“Make no mistake, these short-sighted tax schemes are based on politics, not economics,” Wissman said. “They will destroy job growth and stifle the type of capital investment that is helping our state to grow.”