make WWAY your homepage  Become a fan on facebook  Follow us on twitter  Receive RSS Newsfeeds  MEMBERS: Register | Login

Commerce head wants fracking tax for incentives

READ MORE:
fracking.jpg

RALEIGH, NC (AP) -- The head of North Carolina'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.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Disclaimer: Comments posted on this, or any story are opinions of those people posting them, and not the views or opinions of WWAY NewsChannel 3, its management or employees. You can view our comment policy here.

»

Reply

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

More information about formatting options

To prevent automated spam submissions leave this field empty.
CAPTCHA
Please re-enter the code shown in the image below.