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Move In PA To Change How Fracking Is Taxed

June 2nd, 2015 by WCBC Radio

While Maryland won’t see fracking for at least a couple more years, the state of Pennsylvania has had it for several years now, and there is a move afoot in the Keystone State to change how it is taxed.

This is State Senator John Yudichak, who chairs the Environmental Resources and Energy Committee…

Two committees heard from the Wolf Administration and industry representatives about the pros and cons of enacting a severance tax on natural gas drilling in Pennsylvania's Marcellus Shale formations. 

Governor Wolf has proposed a 5 percent severance tax on the value of gas at the wellhead plus 4.7 cents per thousand cubic feet of gas extracted.  

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