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Friday, September 19, 2008

Oil & Gas Tax Bill Has Languished In Committee Since May of 2007

Oil and Natural Gas Tax Legislation Introduced


State House Majority Leader Bill DeWeese on May 29, 2007 introduced House Bill 1373, legislation that would allow counties, municipalities and school districts to impose property taxes on oil, gas and other minerals.

The legislation amends the General County Assessment Law of 1933 to include "coal and other valuable minerals, natural gas, coal bed methane gas and oil" as property that may be subject to taxation by local government and school districts.

HB 1373, which has 23 cosponsors, was referred to the House Finance Committee for consideration. A copy of the bill can be downloaded using the link below.

The Pennsylvania Supreme Court ruled in December 2002 that state law failed to explicitly recognize oil and gas as taxable. The case involved a challenge by the Independent Oil & Gas Association of Pennsylvania of Fayette County’s assessment of oil and gas.

DeWeese is a Democrat representing Greene County, as well as parts of Fayette and Washington counties.

To download a copy of the proposed legislation use the following link:http://www.pogam.org/uploads/news/HB_13_1180483200.pdf

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