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News & Press: Press Release

Ohio Oil and Gas Association: Statement About Ohio Senate Support for Tax Study

Tuesday, June 16, 2015  
Posted by: Lyndsey Kleven
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For Immediate Release

June 16, 2015
                 

Download the full press release

Ohio Oil and Gas Association: Statement About Ohio Senate Support for Tax Study

From Shawn Bennett, executive vice president of the Ohio Oil and Gas Association:

The Ohio Oil and Gas Association applauds Senate President Faber and members of the Ohio Senate for their support of further study and discussion about the severance tax within the broader context of the Ohio 2020 Tax Policy Study Commission.

While we remain opposed to an increase in the severance tax rate, especially during this extremely difficult commodity price environment, we are open to continuing discussions on this issue. We commend Senators Peterson and Balderson for their willingness to engage the industry about the severance tax during the budget process, but it is apparent that a more thorough and deliberative discussion is needed to examine the state’s overarching tax policies. 

We would like to thank the Speaker of the House Cliff Rosenberger and President Keith Faber for the opportunity to continue to work on this extremely important issue.



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