facebooktwitterRSS
- Advertisement -
  • Most Commentedmost commented up
  • Most Emailedmost emailed up
  • Popularmost popular up
- Advertisement -
 

« News Home

Industry lobbyist pushes revised Ohio drilling tax



Published: Wed, January 8, 2014 @ 5:15 p.m.

COLUMBUS(AP) — A top lobbyist for Ohio’s oil and gas drilling industry is urging state lawmakers to support a package of tax revisions advanced as an alternative to an earlier plan by Republican Gov. John Kasich.

At a packed hearing today, Ohio Oil and Gas Association executive vice president Tom Stewart supported a bill introduced last month. It would raise the severance tax rate on horizontally drilled wells by 1 percent, then 2 percent, while rolling back similar taxes on traditional wells.

The plan exempts drilling companies subject to the new tax from Ohio’s main business tax, called the Commercial Activity Tax.

Stewart says the new proposal is constructed to encourage gas exploration, environmental protection and regulatory reform without scaring off drillers.

Critics say Ohio’s drilling taxes are too low.


Comments

1jchanse(9 comments)posted 8 months, 2 weeks ago

It's always interesting the way a paid lobbyist can get access to lawmakers, and can even rewrite legislation. When a private party drafts legislation that is accepted as if it were written by elected representatives, is that not subsidization of government? Do the lawmakers have taxable income from accepting someone else's work? IRS should investigate.

Suggest removal:


News
Opinion
Entertainment
Sports
Marketplace
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2014 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes | Pittsburgh International Airport