Buffalo News, July 27, 2008 The newly discovered natural gas reserves in the deep layer of rock of the Marcellus Shale, which lies under the Southern Tier, are potentially worth more than $70 billion. On Wednesday, Gov. David Paterson signed a bill making it easier for companies to drill for natural gas. Unfortunately, he didn’t… Continue reading
Viewing the depletion taxes tag archive
This June 2008 policy brief by Justin Dahlheimer concludes that states could generate hundreds of millions, in some cases billions, of dollars in additional revenue each year by implementing or adjusting depletion tax policies. The report illustrates how current depletion tax policies, in many cases, fail to account for the full value of the natural resources, depriving state and local governments of additional revenue that could be useful in current and future fiscal years.
For Immediate Release PRESS RELEASE CONTACT: 612-276-3456 BALANCING BUDGETS BY RAISING DEPLETION TAXES Minneapolis, Minn.— (June 4, 2008). A new report by the Institute for Local Self-Reliance (ILSR) concludes states could generate hundreds of millions, in some cases billions, of dollars in additional revenue each year by implementing or adjusting depletion tax policies. Thirty-eight… Continue reading