Severance Tax

News & Analysis as of

Louisiana Severance Tax Exemptions in Jeopardy

The 2015 Louisiana legislative session is in full swing and the lawmakers are dealing with a projected $1.6 billion budget shortfall. Of the many tax credits, exemptions and deductions that are in the legislature’s...more

Wolf Budget Proposes Extraction Tax

On March 10, 2015, Pennsylvania Governor Tom Wolf-(D) provided the text of his proposed changes to the Tax Reform Code of 1971 that would levy a tax on the extraction of natural gas in the Commonwealth of Pennsylvania. ...more

Pennsylvania Governor Proposes Severance Tax

Pennsylvania Governor Tom Wolf has proposed a new state severance tax on natural gas drilling. The measure, which the governor introduced as a means to fund the state’s education system, would impose a 5 percent tax on the...more

The Shale Play Today - February 2015

In This Issue: - Now is the WOTUS of Our Discontent.....: "Waters of the United States" or "WOTUS" in the esoteric taxonomy of the Clean Water Act ("CWA"), is a term with which many are becoming increasingly...more

Oil Severance Tax Law (SB 1017) Dies in the Senate Appropriations Committee

Last Friday, May 23, 2014, Senate Bill 1017, the Oil Severance Tax Law, failed to pass through the Senate Appropriations Committee. As a result, the bill is effectively dead for the year. SB 1017 was introduced by Senator...more

Ohio House Passes Severance Tax on Drilling

A long-debated severance tax on hydraulic fracturing operations within the state passed the Ohio House of Representatives on Wednesday, setting the stage for a Senate vote on the issue later this year. House Bill 375, which...more

Employee Benefits Developments - April 2014

Supreme Court Holds Severance Payments Are Subject to FICA Taxes - Reversing a decision by the Sixth Circuit Court of Appeals, the U.S. Supreme Court ruled unanimously that severance payments to employees who were...more

Debates Continue on Pennsylvania and Ohio Severance Tax Proposals

Pennsylvania legislators continue to debate a severance tax proposal announced late last year, and previously discussed on this blog. Under that severance tax proposal, the commonwealth’s system of impact fees would be...more

Michigan Lawmakers Evaluate Lower Severance Tax and Infrastructure Bills for Carbon Dioxide-Injected Oil and Gas Wells

While legislation driven by the rapid growth of horizontal drilling and hydraulic fracturing has dominated oil and gas legislation in recent years, this week, Michigan lawmakers considered bills to enhance viability of other...more

Ohio Ways and Means Committee Receives Testimony on Horizontal Drilling Tax Proposal

On January 8 and 15, 2014 the Ohio House of Representatives Ways and Means Committee received testimony on House Bill 375 (“HB 375” or the “Bill”). The Bill, previously reported on this blog, would introduce a new tax on...more

Pennsylvania Legislators Propose Gas Drilling Tax

A bipartisan group of Pennsylvania state legislators have proposed a law that would require energy developers to pay a 4.9% severance tax on natural gas produced within the commonwealth. As proposed, the law would tax the...more

Severance Tax Debate Continues

Through the summer and leading up to the adoption of Ohio’s biennial budget, changes to Ohio’s severance tax were discussed in the General Assembly and in the media. Severance tax provisions were cut from discussions fairly...more

Louisiana Fails to Cut Natural Resources Severance Tax

The Louisiana legislature adjourned on June 6, 2013 without reaching an agreement on reducing the natural resources severance tax. ...more

Ohio Legislators Strip Radioactive Drilling Waste, Severance Tax Provisions From Budget

Yesterday we discussed the grim prospects for the NORM and TENORM provisions in Ohio Governor John Kasich’s proposed budget. Both industry and environmentalists opposed the provisions, and state legislators recently expressed...more

Ohio Budget Bill Introduced

On February 12, 2013, the text of the Governor's budget proposal for the 2014-2015 biennium, announced on February 4, 2013, was made public as House Bill 59 ("HB 59"). The new HB 59 includes a state income tax deduction for...more

Ohio Governor Relaunches Severance Tax Plan In Budget Proposal

Yesterday Ohio Governor John Kasich unveiled his proposed budget for fiscal years 2014 and 2015 at an hour-long press conference. The Governor’s proposal, a summary of which can be found here, contained a comprehensive plan...more

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