Ohio Governor Revises Drilling Tax Plan

June 6, 2013
Posted By: Michael T. Altvater

Ohio governor John Kasich revised his proposed drilling tax after it has been rejected by the Ohio legislature. The new proposal would increase the proposed tax of 4% to 4.5% and direct 25% of the revenue generated by the tax to 33 Appalachian counties. The remainder would go toward funding state income tax decreases. The new proposal is likely to face continued resistence from industry groups.