Legislative Leaders Agree On One Thing With Oil/Gas Drilling Tax
The issue of oil and gas drilling has been one that usually divides state lawmakers along party lines. But there is one aspect that seems to have consensus with Republican and Democratic leaders.
The majority and minority leaders of the Ohio House and Senate agree that they shouldn’t raise the so-called severance tax on oil and gas drilling because the market conditions are too tough -- especially with the dropping price of gas.
But Republican Senate President Keith Faber of Celina says now might be the time to draw up an increase and have it trigger once the market rebounds.
“The same reason everybody talks about the time to do redistricting is before anybody’s on the ballot under the new maps it may be time to talk about that tax reform before anybody thinks it’s going to apply,” Faber said.
House Speaker Cliff Rosenberger and Minority Leader Fred Strahorn added that -- if or when an increase happens -- they’d like to see the revenue go back to the communities where the drilling is taking place.