Legislators are looking for ways to better fund the state. One source is in question for the proper spread of wealth.

On Monday, October 16, the House Finance Committee will vote on a severance tax on oil and gas drilling in the Marcellus Shale. Currently, an impact fee stands due to Act 13 enacted in 2012.

The impact fee allows Pennsylvania to disperse the money to various outlets with an emphasis on the areas most impacted by the drilling along with the overall state.

State Representative Bernie O’Neill, Finance Committee chairman, plans to call up House Bill 1401, a severance tax bill sponsored by Rep. Gene DiGirolamo. He focuses on taxing Marcellus Shale.

Rep. Scott Petri amended House Bill 1662 which lays out a specific plan for the tax usage.

“We’re (DiGirolamo and Petri) going to have a really good product, hopefully for the whole house to vote on, eventually,” Petri said.

Petri’s Bill believes the Marcellus Shale tax should be split to a flat five percent fee verse¬†the impact fee. He sees more available revenue for the Commonwealth through a severance tax based on market prices and volume of the product.

 

Petri has support in Bucks County through Reps. DiGirolamo, O’Neill, Frank Farry, Marguerite¬†Quinn, Craig Staats, and Kathy Watson.