OOGA: Severance tax hike could hinder Ohio shale investments

07/23/2012
Ohio's oil and gas producers believe Gov. John Kasich's proposal to increase the severance tax could discourage future investments in the state's emerging Utica and Marcellus shale plays, said members of the Ohio Oil & Gas Association. Kasich 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 (OGJ Online, Mar. 26, 2012). Thomas E. Stewart, OOGA executive vice-president, said Kasich often describes the proposed severance tax increase as applying to big, out-of-state companies, yet OOGA believes hundreds of Ohio-based energy producers also could find themselves burdened with a larger tax bill. "Ohio's ...
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