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| Photo: The Rocket Courier |
In 1930, my greatgrandparents purchased a beautiful farm in Bradford County, PA, in a little hamlet called French Azilum. In the summer, we spent time there, resting, breathing in the fresh air, enjoying the wild flowers, the bright stars and planets on a clear moonlit night, and swimming in the Susquehanna River. If gas drilling is allowed to continue, Bradford County and all of Pennsylvania will be forever changed, ruined beyond repair.
Showing posts with label PA taxpayers. Show all posts
Showing posts with label PA taxpayers. Show all posts
Monday, November 28, 2011
How Taxpayers Help the Gas Industry: Free Services
Monday, June 28, 2010
Gas Drillers Have It Made: PA Taxpayers Foot the Bill
This from PennFuture:
Tax breaks for gas drillers
In Pennsylvania, gas drillers don't pay property taxes on the value of the natural gas as they do in Texas and other states. And thanks to the 2005 Energy Policy Act, passed by Congress and signed by President George W. Bush, almost all the costs of drilling can be directly deducted from drilling companies' taxes. The Intangible Drilling Costs tax deduction allows companies to directly deduct 70 percent of costs including wages, supplies, site preparation, fuels, chemicals and other equipment needed for drilling. Pennsylvania taxpayers foot the bill when they pay their federal income tax.
Tax breaks for gas drillers
In Pennsylvania, gas drillers don't pay property taxes on the value of the natural gas as they do in Texas and other states. And thanks to the 2005 Energy Policy Act, passed by Congress and signed by President George W. Bush, almost all the costs of drilling can be directly deducted from drilling companies' taxes. The Intangible Drilling Costs tax deduction allows companies to directly deduct 70 percent of costs including wages, supplies, site preparation, fuels, chemicals and other equipment needed for drilling. Pennsylvania taxpayers foot the bill when they pay their federal income tax.
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