Wednesday, February 9, 2011

Ethane Cracker Incentive Bill Introduced In West Virginia Senate

Legislation has been introduced in the West Virginia Senate designed to help spur natural gas use and encourage investment in multi-billion-dollar ethane cracker facilities. The bill (S.B. 465) is the Marcellus Shale Gas and Manufacturing Development Act. Among its provisions are ones that call for the state to dedicate a portion of future Severance Tax revenues 1) to counties and cities and 2) to the state Division of Highways (to repair roads damaged by drilling activities). The bill also provides tax credits for natural gas vehicles and refueling infrastructure. Click to read more in an article in today's Charleston Daily Mail.