Lawmakers seek hike in Ohio’s severance tax on drilling
Posted February 28, 2012 in Press Releases
Democratic state reps. Robert Hagan of Youngstown and Mike Foley of Cleveland announced legislation Tuesday that would boost an Ohio tax imposed on drilling for natural gas.
Their proposal would raise Ohio’s severance tax on natural gas wells to 7 percent.
The state’s effective tax rate is currently less than one-half of 1 percent