You signed a lease and you are anxiously awaiting royalty payments. What you might not be expecting is a bill from the tax office asking for several years’ worth of back property taxes.
An important amendment to a law took effect that could hit you in the pocketbook if you lease land for Marcellus exploration that is preferentially assessed under the Clean & Green Act.
For those unfamiliar with the Clean & Green Act, it is a law that provides tax relief…
ContinueAdded by Steven A. Walton on November 4, 2011 at 3:35am — 2 Comments
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