Business groups oppose Pennsylvania’s proposed severance tax

The Pittsburgh Post-Gazette reports a broad coalition of Pennsylvania business groups oppose a revenue plan passed by the state Senate that they say “disproportionately relies on taxing energy consumers and producers" to narrow the state’s $2.2 billion budget shortfall. The newspaper says business, energy and manufacturing trade groups believe a proposed severance tax on natural gas production in the Marcellus and Utica shale formations and new or higher taxes for electricity and natural gas users would jeopardize Pennsylvania’s chances for attracting or retaining industry because of its low energy costs. The Senate proposal still needs to be approved by a majority of House members. For more, read the full story.

Pennsylvania