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

Hospice of the Western Reserve

Levin Furniture

Wayside Furniture

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

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


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


Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook

Stories with Recent Comments

Charter reform bill includes controversial change for some teachers
I work for a former White Hat charter school; it was sold to another (for-profit) company this past summer and we were told that they would not pay into STRS/PE...

Bhutanese resettlement has had a big economic impact
Informative especially for nonmembers of North Hill. I appreciate the fact that you mention that the younger generation has an easier time than the elders but t...

Ottawa County Commissioner sworn in as new house member
Congratulations on your new appointment to the Ohio House. I'm certain you will do an outstanding job in your new role representing our district. When you have...

Holden Arboretum opens a new canopy walk and emergent tower
Visited the Holden Arboretum today to witness the incredible work you did constructing the tower and bridges.WOW! Very impressed. Knew the build had to be great...

Local club works to bring back the once-prevalent American elm
I would love to help! Where would I get some of the new Strain so I could plant them?

Four Geauga school districts consider consolidating on the Kent State campus
Berkshire was smart to merge with Ledgemont because it had shrinking enrollment and excess capacity at its high school. Now that Cardinal is dragging its feet ...

Ohio Rep. John Boccieri sworn into office and hopes to look for 'middle ground' with colleagues
Welcome back to the Statehouse, John. You are a terrific representative in the truest sense always representing the people's voice in teh district you serve. ...

Lawmakers call for indefinite freeze on Green Energy standards
It's a shame the Hudson Rep. Chooses to mimic the words of the extreme right senator on his way out to join ALEC when we know the Pope was just here because of...

Youngstown Schools file suit against the Ohio Department of Education to stop the implementation of an academic distress commission
Voters should ask WHY this plan was rushed into law under the cover of darkness. What clues point to the beneficiaries of this plan? Both Patrick O'Donnell of...

Copyright © 2015 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