Ohio drilling tax hike clears panel; House to vote - 21 News Now, More Local News for Youngstown, Ohio -

Ohio drilling tax hike clears panel; House to vote

Posted: Updated:
COLUMBUS, Ohio (AP) - A state House committee has narrowly approved legislation raising Ohio's tax on oil and gas drilling despite objections from Democrats and anti-tax Republicans.

It cleared the Ways and Means Committee by a single vote Tuesday, after years of debate. The full House could vote Wednesday.

The compromise imposes a 2.5-percent severance tax on horizontal wells, including those extracting resources through hydraulic fracturing, or fracking. That tax is less than Republican Gov. John Kasich (KAY'-sik) wanted but more than the industry would've liked.

Fifteen percent of tax proceeds go to restore state local-government and library funds; to fund budgets in host counties; to fund competitive infrastructure grants; and to set up a long-term trust fund for drilling counties. The vote came after money to county budgets in the bill was halved.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • More From wfmj.comMore>>

  • Governor to help kick off 161st Ohio State Fair

    Governor to help kick off 161st Ohio State Fair

    Wednesday, July 23 2014 1:55 PM EDT2014-07-23 17:55:35 GMT
    It's time for the Ohio State Fair.More >>
    It's time for the Ohio State Fair.
    More >>
  • Boy, 15, arrested in Ohio teen girl's slaying

    Boy, 15, arrested in Ohio teen girl's slaying

    Wednesday, July 23 2014 1:45 PM EDT2014-07-23 17:45:06 GMT
    Police in Columbus say a 15-year-old boy has been arrested in the fatal shooting of a 17-year-old girl.More >>
    Police in Columbus say a 15-year-old boy has been arrested in the fatal shooting of a 17-year-old girl.
    More >>
  • Ohio man accused of killing mom, living with body

    Ohio man accused of killing mom, living with body

    Wednesday, July 23 2014 1:41 PM EDT2014-07-23 17:41:54 GMT
    Prosecutors in northeast Ohio say a 33-year-old man stabbed his mother to death then lived in the house with the decomposing corpse for about six months.More >>
    Prosecutors in northeast Ohio say a 33-year-old man stabbed his mother to death then lived in the house with the decomposing corpse for about six months.
    More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms