PA HB2129

Imposes a new natural gas severance tax on unconventional gas wells beginning July 1 of the year following enactment, with a base rate of 9% of the annual market value of natural gas per unit severed after deduction of postproduction costs

Adds a tiered additional tax rate of 0.5% to 2% based on U.S. natural gas export levels as calculated by the Energy Information Administration, with the highest rate applying when exports exceed 10,000,000 mcf

Allows producers to claim credits against the severance tax for unconventional gas well impact fees already paid under existing law, which will continue to be collected alongside the new tax

Exempts stripper wells (producing less than 90 units of natural gas per day), gas from storage fields, gas provided to lessors at no cost for personal use, and gas sold within five miles of the producing site for manufacturing purposes

Deposits all tax proceeds, penalties, and interest into the General Fund, with enforcement and administration handled by the Department of Revenue