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Last updated on April 19, 2014 at 8:32 EDT

Latest Ecotax Stories

2013-04-25 08:28:54

NEW YORK, April 25, 2013 /PRNewswire/ -- The United States ranked first among 21 countries most actively using the tax code to influence sustainable corporate activity, according to the inaugural edition of the KPMG Green Tax Index, reflecting the country's extensive and long-established program of federal tax incentives for energy generally, including specific incentives for energy efficiency, renewable energy and green buildings. Japan, the United Kingdom, France, South Korea and China...

2012-06-13 18:20:12

DALLAS, June 13, 2012 /PRNewswire/ -- Kansas's House Bill 2117 ("HB 2117"), recently signed by Governor Sam Brownback, repealed the state's 24-month severance tax exemption for gas wells and oil wells that produce more than 50 barrels of oil per day. Only production after June 30, 2012 is affected. (Logo: http://photos.prnewswire.com/prnh/20110726/DA41187LOGO) Kansas imposes an 8% tax on the gross value of oil and gas produced in the state. Under current law, a new gas or oil well is exempt...

2011-10-03 15:38:00

CF lauds governor's framework, identifies opportunities for improvement HARRISBURG, Pa., Oct. 3, 2011 /PRNewswire-USNewswire/ -- Calling it a huge victory for both working Pennsylvanians and those looking for work, the Commonwealth Foundation praised Gov. Tom Corbett today for his proposal that resists pressure from special interest groups and tax-and-spend politicians to impose a statewide severance tax on natural gas extraction. "Those who were looking to redistribute other people's...

2011-08-31 12:50:00

RIVERWOODS, Ill., Aug. 31, 2011 /PRNewswire/ -- During a year where gasoline prices jumped above $4 per gallon in many parts of the country before leveling off, drivers are keeping an even closer eye on the ever-changing cost of filling up at the pump. CCH, a Wolters Kluwer business and the leading global provider of tax, accounting and audit information, software and services (CCHGroup.com), monitors consumption taxes and takes a look at changes in state gas taxes from the previous year....

2011-03-23 09:49:00

Income Tax Revenue Down 4 Percent, Corporate Tax Revenue Down 7 Percent WASHINGTON, March 23, 2011 /PRNewswire-USNewswire/ -- State government tax collections decreased $14.3 billion to $704.6 billion in fiscal year 2010, the U.S. Census Bureau reported today. There was a $65.8 billion decrease in 2009. (Logo: http://photos.prnewswire.com/prnh/20090226/CENSUSLOGO) These new data come from the 2010 Annual Survey of State Government Tax Collections, which contains annual statistics on...

2011-02-22 16:41:08

Although policymakers believe the regressiveness of pollution taxes can be offset by returning revenue to the low paid through a reduced labor tax, that approach may not work, and also could have the unintended consequence of shrinking some workers' overall real net wages, according to research by a University of Illinois energy policy expert. Don Fullerton, a finance professor and former deputy assistant secretary of the U.S. Treasury Department, says that using revenue from pollution taxes...

2010-06-03 14:24:00

HARRISBURG, Pa., June 3 /PRNewswire/ -- By not having a natural gas severance tax, Pennsylvania has lost more than $54 million since last October that could have funded vital state services including education and health care, as well as drilling-related environmental and local costs. And that number is growing every day, as more energy companies flock to Pennsylvania to tap into the rich gas reserves in the Marcellus Shale. Today, the Pennsylvania Budget and Policy Center introduced an...

2009-12-07 09:00:00

ARLINGTON, Va., Dec. 7 /PRNewswire-USNewswire/ -- BNA Tax & Accounting announced today the launch of Green Incentives Navigator Library, an online reference service providing everything necessary to research and stay current on federal and state credits and incentives for individuals and businesses who use renewable energy sources and promote energy conservation. (Logo: http://www.newscom.com/cgi-bin/prnh/20090114/DC59060LOGO-b ) BNA's Green Incentives Navigator enters the market at a...

2009-04-30 08:34:00

HARRISBURG, Pa., April 30 /PRNewswire/ -- A well-structured severance tax on natural gas production will protect Pennsylvania taxpayers from shouldering the public costs that come with increased drilling, according to a report released today by the Pennsylvania Budget and Policy Center. "Natural gas extraction in the Marcellus Shale has substantial risks and substantial costs that have not yet been fully explored in the rush to drill," said Sharon Ward, Director of the non-partisan policy...

2008-09-20 12:00:47

By Gargi Chakrabarty The Department of Natural Resources charged, among other duties, with policing Colorado's oil and gas industry will see its budget grow modestly if voters approve Amendment 58 in November. The ballot measure calls for eliminating an ad valorem tax credit that allows oil and gas producers to reduce their severance tax payments to the state. If the measure passes, the state expects to collect an additional $300 million in severance tax revenue each year. Under the...