Tax and Budget

August 30, 2010

As Pennsylvania lawmakers debate the contours of a severance tax on natural gas extracted from the Marcellus Shale formation, PBPC has put forth a series of recommendations, including assessing a reasonable tax rate, limiting loopholes and restoring local government's authority to assess property taxes on oil and gas interests.

July 8, 2010

Lawmakers avoided a prolonged fight over spending and taxes, but they also missed an opportunity to raise recurring revenue to put Pennsylvania on surer fiscal footing. PBPC has a full analysis of the 2010-11 budget plan signed into law on July 6.

June 24, 2010

If the Pennsylvania General Assembly listens to the natural gas industry, two-thirds of the gas extracted from a typical Marcellus Shale well will be exempted from a state severance tax, PBPC warned in a new report.

June 24, 2010

If the Pennsylvania General Assembly listens to the natural gas industry, two-thirds of the gas extracted from a typical Marcellus Shale well will be exempted from a state severance tax, a Pennsylvania think tank warned today.

June 16, 2010

In the third part of a series on tax loopholes and special tax preferences, PBPC explains the accounting gimmicks used by large multi-state corporations to funnel profits to tax-haven states like Delaware, allowing them to avoid paying Pennsylvania state corporate taxes.

June 10, 2010

In the latest installment in a series on tax loopholes and special tax preferences, PBPC asks why the Commonwealth is paying $74 million a year to people for work that’s actually done for them by computers and automated cash receipt systems.

June 7, 2010

This is the first part of a series examining special tax preferences and potential cuts that will impact the 2010-11 state budget.

June 3, 2010

By not having a natural gas severance tax, Pennsylvania has lost more than $54 million since last October that could have funded vital state services including education and health care, as well as drilling-related environmental and local costs.

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