Will Oil & Gas Companies Walk Away from Ohio Because of Severance Tax?
From BizzyBlog:
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Read the rest of this short post here.But I expect there will be similar discoveries in less-hostile political climates during the next several years. If so, oil companies will be able to get very selective about where they choose to do business.They won’t do business in a state with a newly-enacted punitive severance tax combined with an already-existing Commercial Activities Tax on gross revenues when many other states don’t have either.Drop the severance tax from your budget proposal, Governor Kasich. Ohio’s economic future depends on it.
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