Economic Benefits from Passing HB 1483

 

Passage of HB 1483 will result in the following four major economic benefits for Pennsylvania, rural communities, and family businesses based on two financial assessments of the Game Commission’s deer-management program by the Pennsylvania Legislative Budget and Finance Committee in 2010 and 2017.

 

A. HB 1483 will return hunters as license-buying customers of PGC:

 

1. Within two years, HB 1483 is estimated to return 150,000 hunters.

 

2. Within five years, HB 1483 is estimated to return 270,000 hunters.

 

 

B. HB 1483 represents an unparalleled economic generator for the state and rural communities:

 

1. Within two years, HB 1483 is projected to generate $500 million per year in economic activity.

 

2. Within five years, HB 1483 is projected to generate $1.2 billion per year in economic activity.

 

 

C. HB 1483 will generate significant state and local tax revenues:

 

1. Within two years, HB 1483 is projected to generate $52.5 million per year in tax revenue.

 

       a. $32.8 million in annual state government tax revenue.

 

       b. $19.7 million in annual local government tax revenue.

 

    2. Within five years, HB 1483 is projected to generate $92.5 million per year in tax revenue.

 

       a. $57.8 million in annual state government tax revenue.

 

       b. $34.7 million in annual local government tax revenue.

 

 

D. Within two years, HB 1483 is projected to generate $33-65 million per year in revenue for PGC:

 

1.  $8.1 million per year in renewed hunting-license sales for PGC.

 

2.  $25-57 million per year in timber sales for PGC.

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E. HB 1483 is also projected to generate $42-97 million per year in timber sales for DCNR.

 

 

 Prepared for the Pennsylvania General Assembly