Commerce head wants fracking tax for incentives

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by The Associated Press

WCNC.com

Posted on August 2, 2013 at 5:10 PM

RALEIGH, N.C. (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 (http://bit.ly/13rcdAM ) 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.

 

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