Tax Proposal Could Benefit Southeastern Ohio

Local News

The Ohio Governor’s Office is proposing a new severance tax and the Appalachian region of Ohio could see benefits.

A severance tax is a tax that that is imposed on non-renewable resources.In this case gas and oil. Deputy Director of the Governor’s Office of Appalachia, Joy Padgett says the tax affects the gas companies and not the average citizen.

"Citizens would not see a increase in taxes they’d see a lowering of their personal income tax, " said Padgett.

Padgett says the areas where the drilling would take place would receive money and benefits for the use of their resource rich land.

"There would be 25 percent set aside for the impacted area primarily Appalachian Ohio there would be a distribution system to be able to have additional dollars for infrastructure project such a water or sewer and broadband, " said Padgett.

Padgett says she does not want Appalachia to miss out on this opportunity but she understands that there are positives and negatives to weigh in on when considering a new tax. She hopes this tax will be added to the two year budget that will start on June 30th.
 

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