Bill protecting oil and gas producers from new tax policy passes Ohio legislature

An Ohio Department of Taxation audit led the state agency to conclude that oil and gas producers are no longer exempt from sales taxes on several necessary capital expenditures, according to Columbus Business First.  House Bill 430, which was crafted to protect producers from these taxes passed the Ohio House and Senate, and recently received Gov. John Kasich’s signature for approval. State Rep. Tim Schaffer, R-Lancaster, said he introduced the bill to protect mom-and-pop production companies and hundreds of jobs. For more, read the full story

Ohio, Oil & Gas Litigation