Ohio oil association questions governor's proposed tax changes

03/26/2012
Ohio Gov. John Kasich's proposed changes to his state's oil and natural gas severance tax to help finance a planned $1 billion state income tax cut by 2015 has prompted the Ohio Oil & Gas Association to issue a statement outlining industry's questions and concerns. While explaining his plan during a Mar. 14 speech in Columbus, Kasich said the state's 40-year-old severance tax system for oil and gas production needed comprehensive updating. OOGA Executive Vice-Pres. Thomas E. Stewart said, "Ohio's current oil-and-gas tax structure, which was reformed only 2 years ago with the bipartisan passage of Senate Bill 165, is fair, competitive with neighboring states, and attractive to inv...
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