Bill Revives Tax On Gas, Oil Underground

Summary


HARRISBURG -- Natural gas from the vast Marcellus Shale reserve will be taxed under the ground and when it is extracted, if Democratic lawmakers and the governor have their way.

Fifty-four of 67 counties would be able to levy real estate taxes on the underground value of natural gas and oil under a bill proposed Monday by House Majority Whip Bill DeWeese, D-Greene County.

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Extract


Bill Revives Tax On Gas, Oil Underground

It's similar to a bill DeWeese introduced in May 2007 that died in the House Finance Committee.

"The Marcellus Shale phenomenon was ...

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