Shale Impact Fees Hit Record Levels with $224.5 Mi - The HuntingPA.com Outdoor Community
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post #1 of 15 (permalink) Old 04-04-2014, 10:14 PM Thread Starter
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Shale Impact Fees Hit Record Levels with $224.5 Mi


FOR IMMEDIATE RELEASE

Contact: Patrick Creighton; Travis Windle


April 4, 2014 | PERMALINK

@MarcellusGas 412.706.5160




Shale Impact Fees Hit Record Levels with $224.5 Million Generated
Revenue supporting local communities, infrastructure, statewide environmental programs

Pittsburgh, Pa. – As Pennsylvania shale production continues to soar, the state Public Utility Commission (PUC) announced today that impact fee revenue for 2013 hit record levels. With a total of 6,489 unconventional wells under development or in production as of December 31, 2013, shale producers contributed a total of $224.5 million in impact fees for the calendar year. This brings total impact fee revenue to more than $630 million over the past three years, in addition to the more than $2.1 billion in state tax revenue generated by the industry since 2008.

Marcellus Shale Coalition president Dave Spigelmyer issued this statement following the release of this data:

“This new stream of revenue is having a positive and real impact in communities with shale development as well as those without active Marcellus production. Whether these funds are invested in bridge and road projects, the purchase of new firefighting equipment, key environmental programs, or other major community priorities, these dollars are creating profoundly positive and shared benefits.

“It's also important to recognize that these fees are in addition to the Commonwealth's already substantial tax burden on job creators in the energy industry. According to Pennsylvania's revenue department, natural gas development has contributed more than $2.1 billion in recent years through tax payments to the state's general fund. In addition, shale companies have invested more than $1 billion in transportation and infrastructure improvement projects, as well as critical royalty payments to the Commonwealth and private landowners alike.

“Responsible shale development continues to create environment benefits, jobs, and opportunity for each and every Pennsylvanian. We need to ensure that we have the right policies in place to broaden these benefits, rather than unnecessarily making Pennsylvania a less attractive place to create jobs.”
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post #2 of 15 (permalink) Old 04-07-2014, 11:13 PM
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Re: Shale Impact Fees Hit Record Levels with $224.5 Mi

And we still have people claiming we should be taxing them even more.
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post #3 of 15 (permalink) Old 04-10-2014, 12:35 AM
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Re: Shale Impact Fees Hit Record Levels with $224.5 Mi

The Democratic governor candidates are battling for who can tax gas companies more.

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post #4 of 15 (permalink) Old 04-10-2014, 10:19 PM
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Re: Shale Impact Fees Hit Record Levels with $224.5 Mi

Yep......and most people don't even realize that "Act 13" is the same as a tax.
It's a feel good phrase thing for the candidates to say to the uniformed voters who will elect them........

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post #5 of 15 (permalink) Old 04-12-2014, 02:22 AM
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Re: Shale Impact Fees Hit Record Levels with $224.5 Mi

5-7% severance tax... Like every other state... The fees they pay now are pennies in a bucket.... McCord wants 10% which is too high but I'm sure he'll get more...that guy is wayyyyyyy to taxy liberal for this kid... But I guarantee this Governor Corporate is GONE!

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post #6 of 15 (permalink) Old 04-12-2014, 03:18 AM
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Re: Shale Impact Fees Hit Record Levels with $224.5 Mi

Interesting. I certainly was not aware that the impact fees were generating this kind of revenue supposedly for the good of our state. Question is what is our state government doing with that money? If it's going to roads & othe infrastructure then why did Corbett and the legislature pile a greatly increased gasoline tax onto our backs to pay for all these bridge & highway repairs? Why did the turnpike just have another big toll increase? Where's Corbett's leadership at? Where's the legislature's?

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post #7 of 15 (permalink) Old 04-12-2014, 01:59 PM
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Re: Shale Impact Fees Hit Record Levels with $224.5 Mi

Quote:
Originally Posted by OneLongShot
5-7% severance tax... Like every other state... The fees they pay now are pennies in a bucket.... McCord wants 10% which is too high but I'm sure he'll get more...that guy is wayyyyyyy to taxy liberal for this kid... But I guarantee this Governor Corporate is GONE!
Does "every other state" have a corporate tax as high as Pa.'s? Does "every other state" have an income tax like Pa.'s?

Factor in the revenue that is not part of Act 13. The income taxes received from royalty owners, the payroll taxes collected from gas industry related workers, the bonus payments made directly to the state for leasing state owned land, the royalties that the state collects directly from production on state owned land.

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post #8 of 15 (permalink) Old 04-12-2014, 03:13 PM
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Re: Shale Impact Fees Hit Record Levels with $224.5 Mi

The PA corporate tax issues does need fixed. long overdue on that.

All the other things you listed are standard everyday cost of business to the gas industry.

Is your position a short term gain - or a long term loss? Separate the issues.
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post #9 of 15 (permalink) Old 04-12-2014, 03:28 PM
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Re: Shale Impact Fees Hit Record Levels with $224.5 Mi

They'll start on the corporate taxes as soon as they get done with the Johnstown flood tax

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post #10 of 15 (permalink) Old 04-13-2014, 12:51 AM
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Re: Shale Impact Fees Hit Record Levels with $224.5 Mi

Yeah....

Is your position a short term gain - or a long term loss? Separate the issues.
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