WITN  | Greenville, NC  | News, Weather, Sports

Commerce Head Wants Fracking Tax For Incentives

RALEIGH (AP) - The head of the state's economic development agency says she wants to tax fracking to raise money for incentive deals that can lure companies to locate or expand in the state.

The News & Observer reports that Commerce Secretary Sharon Decker told a group of business and community leaders Wednesday she wants to create a business recruiting fund similar to Gov. Rick Perry's in Texas, that's financed by energy taxes.

Decker says energy companies are willing to help in a climate where Republicans lawmakers are unlikely to raise other taxes, such as income and corporate taxes, to pay for incentives.

Decker is an advocate of underground gas drilling method known as fracking, short for hydraulic fracturing. She says it also represents a revenue stream for economic growth.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WITN

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 218111471