API Ohio Praises House Action to Remove Onerous Tax Increase from State Budget

API Ohio Executive Director Chris Zeigler welcomed the Ohio House Finance Committee’s decision to remove the proposed severance tax increase from House Bill 49.

“The committee’s decision recognizes that our industry is an important part of the solution for advancing Ohio’s economic and employment goals,” said Zeigler. “Pro-growth tax policy and smart, science-based regulations will ensure that the state’s oil and natural gas industry continues to provide benefits for Ohio’s economy, consumers, workers and our environment.

“In removing such a damaging tax increase Speaker Rosenberger, Chairman Ryan Smith and the House Finance Committee have taken a critical step for Ohio’s oil and natural gas production and processing sector to remain competitive compared to other states.

“We are committed to continuing our work with all members of the General Assembly on forward-looking energy policies that will help ensure Ohio’s prominent role in America’s energy renaissance. We are proud of our contribution to U.S. leadership in the production and refining of oil and natural gas, and in the reduction of carbon emissions.”

API Ohio is a division of API, which represents all segments of America’s oil and natural gas industry. Its more than 625 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 40 million Americans.
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