Stephen Caruso of Spotlight PA reports on November 3, 2020:
Tom Wolf signs $2 billion tax package that encourages natural gas production in Pa. – Despite the size of the package, lawmakers introduced and passed the bill in just a few hours with no public hearings.
Ninety cents out of each dollar offered will be used to encourage the use of natural gas, including $1 billion in tax incentives to attract a new “hydrogen hub” to Pennsylvania. The package will provide $50 million a year in tax breaks to a company that agrees to produce hydrogen for 20 years and increase an existing methane tax credit from $30 million to $56.5 million annually.
The package was publicly introduced as an amendment to a bill just after 3 p.m. on Oct. 26. Less than six hours later, both the state House and Senate passed the legislation. There was little public debate and no public hearings. The credits are transferable, meaning that if a company does not have a tax liability, it can sell the credits to another company.
“This is slapdash industrial policy at its worst that will perpetuate Pennsylvania’s addiction to fossil fuels.”
Patrick McDonnell, president of the environmental group PennFuture and a former cabinet secretary under Wolf