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Ohio Senate Leader Expects Paper from Panel Studying Fracking Tax
By: Associated Press
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COLUMBUS, Ohio (AP) – Senate President Keith Faber says a group studying Ohio’s oil-and-gas severance tax is likely to have a report with various recommendations in time to meet its deadline.
Faber told reporters Wednesday a “concept document” from the 2020 Tax Policy Study Commission could come on the deadline Thursday or on Friday.
He declined to say whether the document would recommend increasing Ohio’s drilling tax, as Gov. John Kasich has advocated.
Faber’s comments came the same day he first appointed Senate members to the panel. He said the group had been meeting informally since July.
When Kasich’s tax hike was removed from the budget in June, Faber described Oct. 1 as a “hard deadline” for striking “meaningful compromise.” He said Wednesday negotiations have yielded “some good common ground.”