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Pennsylvania reverses decision to raise taxes on LNG, cites benefits

The acting secretary of revenue of the State of Pennsylvania, Eileen McNulty, said on March 5 that the State has reversed a decision made in 2014 where it had raised taxes on LNG because it now considers the fuel brings economic development benefits.



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"Liquefied natural gas is not only a cleaner alternative to diesel, generating lower pollutant emissions when used to fuel vehicles, but it's also produced here in Pennsylvania from abundant natural gas reserves,” the State governor Tom Wolf said.

"It makes no sense to discourage LNG consumption by taxing it at a higher rate," he added, according to a statement issued through PRNewswire.

LNG is defined in Pennsylvania law as an alternative fuel that should be taxed based on its energy potential as compared to gasoline. The reversal will be retroactive, the State said in its statement.

 

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