Stories tagged with: Severance Tax

June 11, 2014 - 10:59am
41 weeks 5 days ago

The State Legislature may be on break for the summer, but work sessions continue to meet to get bills ready for the fall.

One bill peaking the interest of local representatives is the Severance Tax Bill. The bill would place 17.5% of tax revenue from the oil and gas drilling into a legacy fund.

Hill said while the oil and gas industry has been great for the state and they're happy to have them here, it also poses issues that need addressed.

"Roads and bridges...

June 10, 2013 - 3:48pm
1 year 41 weeks ago

The Ohio Governor's Office is proposing a new severance tax and the Appalachian region of Ohio could see benefits.

A severance tax is a tax that that is imposed on non-renewable resources.In this case gas and oil. Deputy Director of the Governor's Office of Appalachia, Joy Padgett says the tax affects the gas companies and not the average citizen.

"Citizens would not see a increase in taxes they'd see a lowering of their personal income tax, " said Padgett.

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