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The Pennsylvania Department of Revenue (DOR) is an agency of the U.S. state of Pennsylvania. The department is responsible for collecting all Pennsylvania taxes, including all corporate taxes and taxes on inheritance, personal income, sales and use, realty transfer, motor fuel, and all other state taxes. [1]
Residents share 76% of the total tax burden. Many state politicians have tried to increase the share of taxes paid by out-of-state sources. Suggested revenue sources include taxing natural gas drilling as Pennsylvania is the only state without such a tax on gas drilling. [175]
The average annual savings of a Pennsylvania household using natural gas range from $1,100 to $2,200, and the average natural gas price for customers is down as much as 76% since 2008. That means ...
States usually calculate the tax based on the value and/or volume produced; sometimes the method differs for oil, natural gas, and condensates. [4] [5] Production from certain wells may be exempt from severance tax based on the amount of production (i.e. "stripper" wells) or the type of well (i.e. horizontal, tertiary, deep, etc). [5]
The Pennsylvania Department of Environmental Protection (DEP) will utilize this funding — announced by the U.S. Department of the Interior and the Biden-Harris Administration through the ...
The first federal gasoline tax in the United States was created on June 6, 1932, with the enactment of the Revenue Act of 1932, which taxed 1¢/gal (0.3¢/L). Since 1993, the US federal gasoline tax has been unchanged (and not adjusted for inflation of nearly 113 percent through 2023) at 18.4¢/gal (4.86¢/L).
Corbett maintained that Pennsylvania should not institute a natural gas extraction tax, due to its already high corporate net income tax. [ 43 ] [ 44 ] [ 45 ] In February 2011, Corbett repealed a four-month-old policy regulating natural gas drilling (including hydraulic fracturing ) in park land, deeming it "unnecessary and redundant" according ...
Am I eligible for heating and utility bill assistance in Bucks County?