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Tuesday, March 27, 2012

House Approves 7.5% Natural Gas Tax, Highest In The Marcellus Shale States

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.

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