TribLIVE

| Opinion/The Review


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Restore royalty minimum

Daily Photo Galleries

Saturday, July 19, 2014, 9:00 p.m.
 

Regarding the news story “Senators discussing mix of taxes to help close Pennsylvania's budget gap” : The Legislature should consider quickly passing House Bill 1684. This bill would restore the guaranteed minimum royalty on natural-gas drilling leases to 12.5 percent, which was the standard rate until the courts gutted it last year by allowing gas companies to deduct production costs.

Without the gas-company deductions, the royalty owner would have more income to pay taxes on, so there would be more income-tax revenue. In addition, royalties paid to local people are spent in the local economy, which promotes local business and also generates sales tax revenue.

Frances G. Vazquez

Fox Chapel

 

 
 


Show commenting policy

Most-Read Letters

  1. Don’t forget Highmark patients
  2. View from Florida
  3. Seek ‘post-combustion future’
  4. Terrorism & immigration
  5. Hazardous ride
  6. EPA proposal a threat to all
  7. Beyond wacky
  8. Political minority’s plight
  9. Perk in peril?
  10. Follow King’s words
  11. Finally, like Bush
Subscribe today! Click here for our subscription offers.