Severance tax and the biennial budget

American Petroleum Institute (API) Ohio Executive Director, Chris Zeigler has issued the following statement regarding the General Assembly’s decision to address long term economic energy policy outside of the confines of the biennial budget:

“We appreciate the thoughtful approach the Ohio Legislature took regarding issues that directly impact Ohio’s oil and natural gas industry. Legislative leaders in both chambers sought the input from Ohio’s oil and natural gas producers and gave weight to our concerns.

“API Ohio does not support a severance tax increase. We are committed to continuing to work with the legislature and Governor Kasich’s administration on comprehensive energy policy that ensures the continued viability of the industry and all the economic success it affords the state. The 2020 Tax Policy Study Commission provides a vehicle to continue this conversation. Working together without arbitrary deadlines, we are confident long term policy solutions can be achieved to provide Ohioans with the greatest economic benefit from our emerging industry.”

Edited from press release by Claira Lloyd

Read the article online at: https://www.hydrocarbonengineering.com/refining/22062015/ohio-taxes-and-budget/