News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Meaden & Moore

Hospice of the Western Reserve


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


State severance tax proposal returns with industry support
Ohio Rep. Matt Huffman says the measure would producenearly $2 billion over 10 years
by WKSU's ANDY CHOW


Reporter
Andy Chow
 
Ohio State Rep. Matt Huffman
Courtesy of Ohio House
Download (WKSU Only)
In The Region:

There’s a renewed attempt to raise more money for the state through an increased tax on the shale gas industry.

Members of the Ohio House introduced a bill to increase the severance tax on the oil and gas industry. The bill would also create exemptions and tax credits for certain drilling operations.

According to the bill’s sponsor, Republican Rep. Matt Huffman, the measure would generate about $1.7 billion of net new revenue over 10 years.

That money would help the state fund its regulatory framework, including well inspectors. It would be used to close up old, abandoned wells while the rest of the money would go towards the Income Tax Reduction Fund.

Huffman says the oil and gas industry supports this effort, especially when it comes to increasing the state’s regulatory staff.

Hear Huffman on the severance tax bill.

Other options:
Windows Media / MP3 Download (0:17)


“They like that part of it because it’s like: 'If we stand here and wait for 100 days waiting for the inspector to show up, you know I’ve got guys standing around doing nothing, that costs us money. So we want that money to happen’,” Huffman says.

Gov. Kasich proposed an increased severance tax in his budget earlier this year, but it was pulled from the final bill. Huffman says that this legislation cuts the governor’s proposal by about 35 percent.

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Seven minutes changed everything, but what changed Ashford Thompson?
He shot the guy four times in the head. I have never been that drunk or mad, and I have been through it. Shoot a guy once is bad, maybe a mistake, shoot a guy f...

First cricket farm in the U.S. opens in Youngstown
I am interested in cricket flour to replace soy flour in a low carbohydrate diet. As soon as you have cricket flour available for the average person, please le...

New process starts digesting sludge in Wooster
Awesome! When do our sewage rates decrease accordingly?

Akron's Chapel Hill Mall in foreclosure
Not a surprise. Between the shoplifting, gangs and violence that goes on up there it is no wonder that no one feels safe to shop at Chapel Hill. They have sca...

Ohio launches investigation into at least one Concept charter school
I worked at Noble Academy Cleveland as admin assistant and enrolment coordinator for 6 years, I know this is so valid and true and can provide staff names and p...

Crisis looms in filling aviation industry jobs in Ohio and the nation
I listened to this story yesterday morning on the radio and just want to add this comment. My son went to school to train as an air traffic controller, and gra...

Cuyahoga Valley National Park considers fire to fight invasives
I'm for the controlled burn. There are not enough people (myself included) who volunteer for the removal of invasive plant species. Therefore, another solution ...

Remembering Cleveland music impresario Hank LoConti
The picture here is not the original Agora. It is the old WHK studios where the Agora moved into.

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University