Governor Rendell Says Marcellus Shale Development Provides Economic Benefits; Severance Tax Must Provide Fair Share to Local Governments

U.S. Newswire › July 06, 2010

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Summary

Says Work to Develop Fee on Natural Gas Extraction Should Begin Immediately

TOWANDA, Pa., July 6 /PRNewswire-USNewswire/ -- During a visit to the most active county for Marcellus Shale drilling this year, Governor Edward G. Rendell today outlined the state's commitment to enacting a severance tax on natural gas extraction, saying such a levy should give a fair share to communities where drilling is taking place.

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Governor Rendell Says Marcellus Shale Development Provides Economic Benefits; Severance Tax Must Provide Fair Share to Local Governments

The Governor made his remarks as he signed Senate Bill 1042, the state's fiscal code. The bill allows for tr...

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