API-Ohio runs radio ads against proposed state severance tax

The American Petroleum Institute launched a series of radio ads in Ohio urging people to call their state senators in opposition of any additional taxes on the oil and gas industry, said Chris Zeigler, API-Ohio executive director.

An increased severance tax on horizontal drilling and hydraulic fracturing was expected to be included in a Senate version of a budget bill for Ohio.

Ohio Gov. John Kasich proposed a 6.5% tax on oil and gas sold at the wellhead and a 4.5% rate on natural gas liquids. The Ohio House of Representatives pulled the severance tax proposal out of the budget.

A budget measure is in a Senate committee now, and if authorized, could progress to a conference committee around June 15, Zeigler said.

“Right now, the industry is going through a downturn,” Zeigler said. “Why would we want to add costs through more taxation on an industry that is just trying to weather the storm at this point?”

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...