Ohio Governor Proposes Tax Increase on Operators

Posted on January 21, 2012 by Vorys

The Columbus Dispatch is reporting that Governor Kasich wants to impose new impact fees and severance taxes on operators seeking to develop the Utica shale in Ohio:  "Ohio’s oil and gas industry would pay an 'impact fee' for deep-shale wells to cover the cost of infrastructure damage caused by oil and gas extraction, part of a package of taxes and fees for the industry that Gov. John Kasich soon will propose."

A word of caution:  Brings to mind one of Aesop's Fables ...

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