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Speak Out

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Speak Out: Discussion Topic 2 for August 2012

Issue July 19, 2012 | July 18, 2012

Now is the time to weigh in on proposed severance tax changes.

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In This Issue

Gov. John Kasich has introduced a proposal that would make significant changes in the Ohio severance tax system, which applies to oil and natural gas wells. The proposal would increase taxes on horizontal wells and provide a tax reduction or no change in taxes on production from vertical or conventional wells. The proposal calls for the new tax revenue generated from horizontal wells to pay for reductions in Ohio’s income tax rates.

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