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.

NOCHE

The Holden Arboretum

Metro RTA


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
Environment


Ohio drilling tax compromise is in the works
Drillers may agree to a higher severance tax, but want an out from other business taxes
by WKSU's ANDY CHOW


Reporter
Andy Chow
 
Oil and gas drillers say they may be open to a higher severence tax if they get another exemption.
Courtesy of TIM RUDELL
Download (WKSU Only)
In The Region:

It appears a compromise has been brokered on changes to the taxes paid by oil and natural gas drillers. Statehouse correspondent Andy Chow has more on the proposal and what the drilling industry thinks about the new plan.

LISTEN: Tax compromise in the works

Other options:
Windows Media / MP3 Download (1:02)


As the shale gas industry grows, state officials have been debating a new severance tax rate – the amount collected on the gross receipts of drilling companies. 

Sources say a new proposal would set that rate at 2.5 percent. That lands right in the middle—between the Ohio House’s plan of 2.25 percent and Gov. John Kasich’s proposal of 2.75 percent. 

Tom Stewart, executive vice president of the Ohio Oil and Gas Association, says his group likes the bill, but will still lobby for an exemption from another tax known as the Commercial Activity Tax. 

“In light of the fact that we would be agreeing to essentially 10 CAT taxes that they shouldn’t be piling on by adding another CAT tax because this industry has agreed to a taxing scheme that is specific to a very unique industry. There’s precedence for doing that in the creation of the Commercial Activity Tax. We believe we fall in that group as well.” 

The new plan is expected to be introduced this week. 

 

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

Ohio lawmakers propose grants for home construction for disabled people
We have been trying to have a "Visitability Bill" passed for years. Thanks, Greg

Lake County crimes may give Trump immigration fodder
Shoddy reporting at best. "Mixed views" The question that came to my mind was, "How many people did he have to interview to get "mixed views". Do the two peo...

Ohio's U.S. Sen. Sherrod Brown announces plans to improve Medicare by lowering prescription costs for seniors
Sounds good. I'm living in Florida to escape the snow. So far it's working. I retired from GM in 2000. Keep pushing for all the working people. In the long run ...

The tiny town that time, and elections, forgot may go out of existence
Thank you for this story. I grew up in Limaville, my parents home is there still...unsellable due to the septic/sewer problem. Sometimes I am sorry I left...wis...

Where Ohio'sJohn Kasich stands in the presidential polls
We are fans of Gov. Kasich since he served in the House of Representatives. It pleases us to finally see him as the potential President of the United States. We...

Cleveland hosts the first national Movement for Black Lives conference
What a wonderful experience this was, So much love and understanding, without all of the other distractions that tend to come with organizing for change, this e...

Air Force unit gets training and Youngstown gets rid of some eyesores
Do they have to totally destroy all the beautiful oak and leaded windows, which I am thinking are probably there? Do they just have to destroy them like that? C...

Jewish challah and Native American fry bread at an Akron cultural exchange
Each time I saw the young students relate to each other, I got goose bumps. These young students can and hopefully will teach all of us to live and respect eac...

One of the Cleveland Orchestra's most celebrated musicians bids farewell
I had the honor of studying with Franklin Cohen in the late 80s and early 90s. He is unparalleled both as a clarinetist and as a musician. His deep personal war...

Summa's dress code is not 'etched in stone'
SOME OF THESE POLICIES ARE A COMPLETE JOKE. UNLESS YOU ARE DOING THESE TYPE OF JOBS EVERY DAY, YOU DON'T KNOW WHAT IS COMFORTABLE AND REASONABLE OR NOT. UNLESS ...

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