solomon's words

solomon's words

Stoltz of Coudersport, PA

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E & G

Solomon's Auction & Yard Sale Page

Howard's Inc, Coudersport, PA

UPMC Cole

Sunday, May 25, 2008

A Year Goes By And No Action On Legislation To Restore Natural Gas Tax In Pennsylvania

Saturday, June 23, 2007

Pennsylvania Losing Money On Natural Gas and Oil Taxes


By James Jones

A court decision in 2002 stopped Pennsylvania state, local, county, and school taxes from being assessed on Oil and Gas minerals in Pennsylvania. Since that time, oil and gas producers have been getting a free ride in the tax department.

And a few years back, the oil and gas industry in this area was nearly a thing of the past with oil prices lower that it cost to produce. But things have changed.

We are now paying $3.00 a gallon for gasoline. Foreign oil is $70.00 a barrel. Heating oil and Diesel fuel is three times what it was in 2002, and natural gas has gone out of sight to heat your home.

Mineral rights for producing oil and gas wells should be assessed, as this increases the value of a property no different than adding a building increases its value. Extensive drilling in the Northern Pennsylvania area is taking place, and should be taxed to support our townships, schools and county governments.

Rep. Bill DeWeese has introduced legislation to reimpose this tax which was in effect since the 1880's. Many other legislators have joined in this bill.

Contact your Pennsylvania Representatives and ask them to support passage of this legislation. It will help lower your real estate taxes as it will boost the tax base just like it does in New York.

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