Pittsburgh Business Times – Policy groups in Pennsylvania, Ohio and West Virginia are advocating for a common approach to taxation on oil and gas drilling throughout the Marcellus and Utica shale plays. Read
Pennsylvania Budget and Policy Center, Policy Matters Ohio and West Virginia Center on Budget and Public Policy urged governors of each state to adopt a comparable severance tax on the volume and the value of drilling products.
West Virginia is the only of the three states with a severance tax, with a rate of 5 percent. The policy organizations recommended using this rate as a floor for the proposed severance tax across the region.