• Nick Bates

News & Notes January 9, 2014

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Fracking Officials Support GOP plan to Revamp taxes, Youngstown Vindicator

News: State Fracking Revenue May Not Bring Tax-Cut Gusher, Columbus Dispatch

News: Industry Lobbyist Pushes Revised Ohio Drilling Tax, Dayton Daily News

News: Ohio oil and gas group oppose higher tax, Toledo Blade

Notes:  According to the Ohio Legislative Services Commission, the industry-backed tax proposal on oil and gas drilling will not produce substantial revenues for the state. As a result of new tax credits and other changes, this bill will cut resources for Ohio’s general revenue fund.  Ohio needs oil and gas corporations to pay their fair share for the right to drill in Ohio, and we need to reinvest these resources into great public services that lead to stronger communities. 


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