But the funding mechanism to pay for Restore Pennsylvania would come from a new severance tax
on a different part of the natural gas industry, the part that extracts the gas from deep within the ground.
Snead said the goal of the assessment was to prove to policymakers the idea that the industry receives preferential treatment, primarily due to the severance tax
, is false.
This May 2018 distribution includes a true-up of estimated versus actual revenue and severance tax
numbers for the August 2017 production month.
27 December 2016 - Dallas, Texas-based tax services firm Ryan has acquired Houston, Texas-based severance tax
consulting firm Shiv Om Consultants, the company said.
Couch works with Sheffield Nelson, the former natural gas company executive and Republican gubernatorial nominee, on an initiated act to increase the state's severance tax
on natural gas to raise money for roads.
He has also sponsored legislation to levy a severance tax
on gas production but said a transmission fee could cover turnpike costs and generate far more revenue than a severance tax
would, according to published reports.
That's just below the $30 threshold to shave 25 percent off a small producer's severance tax
The report outlines the US's governing bodies, governing laws, mining ownership licenses, rights and obligations and key fiscal terms which includes, Bonus, Rentals, Federal Reclamation Fee, Occupation Tax, Royalty, Mining Claim Fees, State Fees, State Mineral Resources Severance tax
and fees, State Real Property Tax, Corporate Taxes, Alternative Minimum Tax, Capital Gains Tax, Deductions and Allowances, Depreciation, Branch Profit Tax, Withholding Tax, Loss Carry Forward and VAT.