Deep Creek Lake Real Estate Blog - Jay Ferguson

Deep Creek Lake Real Estate Blog - Jay Ferguson
EVERYTHING under the sun about Deep Creek Lake, Maryland! Deep Creek Lake Real Estate Information, Local News & Happenings in Garrett County Maryland, Current Events, Local Business Profiles, Upcoming Attractions, Vacation Rentals, Resort Realty, Community Profiles, Homes for Sale, Restaurants & Dining, Entertainment Schedules, Festivals & Gatherings, Churches & Charities, Wisp Ski & Golf Resort, Swallow Falls State Park, Youghiogheny & Casselman River, Garrett County Fair & more!

Tuesday, March 27, 2012

House approves 7.5% natural gas tax, highest in the Marcellus Shale states

March 26, 2012

By Daniel Menefee
Dan@MarylandReporter.com

House lawmakers Monday night passed a 7.5% state severance tax on natural gas in a 82-51 vote, after the delegates on Saturday fended off an amendment from Del. Wendell Beitzel, R-Garrett, that would cap state and local taxes on natural gas extraction at 7.5% combined.

“The amendment would incorporate all severance taxes,” Beitzel said. “Local, county and state taxes together could not exceed 7.5%.”

Garrett County currently has a severance tax of 5.5%, which means the state could assess a severance tax of only 2% under Beitzel’s amendment. Allegany County’s severance tax of 7% would limit the state’s share to just 0.5%.

Read more: http://marylandreporter.com/2012/03/26/house-approves-7-5-natural-gas-tax-highest-in-the-marcellus-shale-states/#ixzz1qKPvRldz
Under Creative Commons License: Attribution

Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues!
877-563-5350 - toll free

No comments: