Gas lease, royalty income taxes top $100 million

From the PITTSBURGH TRIBUNE-REVIEW:

Pennsylvania landowners are paying hundreds of millions of dollars in income taxes on money earned from Marcellus shale gas activity, and the tax revenue, like the drilling, is growing fast…

Since the shale gas rush started in Pennsylvania in 2005, drillers have bored more than 3,700 wells into the gas-rich Marcellus rock layer, a mile or deeper underground, according to the Department of Environmental Protection. They have sought nearly 8,600 well permits through Aug. 12, the most recent statistics available…

The state could have collected another $220 million if it had passed a tax similar to West Virginia’s when then-Gov. Ed Rendell proposed it in 2009, according to the center’s calculations. Gov. Tom Corbett has said he opposes an extraction tax…

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