HB 430 Passes House – Ensures Predictability & Stability in Ohio’s Tax System

The Ohio House of Representatives passed HB 430 yesterday by a substantial, bipartisan margin (85-12). Why should you care? It’s important to your business because predictability and stability are crucial elements to a fair tax system, and HB 430 is a step towards protecting accepted practice and enforcement of Ohio’s tax laws and regulations. HB 430 deals specifically with the oil and gas industry, but similar concerns about shifting interpretation or definition changes are affecting other industries such as manufacturing processes and other commercial activities.

Over the years, changes brought about by advanced technology have created a need to adjust Ohio’s laws and accepted practices of tax enforcement. In this vein, HB 430 is an update to legislation that first defined “production equipment” for the oil and gas regulation law. Numerous changes were made in the wake of the broad emergence of horizontal hydraulic fracturing methods in Ohio. (S.B. 165 of the 128th General Assembly). Some further refinement has become necessary.

HB 430 modifies the sales and use tax exemption for property used in producing oil and natural gas and specifies that property that is approved by the Department of Natural Resources as part of a water pollution control facility qualifies for existing property and sales and use tax exemptions.

The bill modifies the existing sales and use tax exemption for property used directly in producing oil and natural gas. Existing law exempts the sale or use of tangible personal property used “directly” in the production of crude oil or natural gas. The bill redefines what constitutes the “production” of oil and gas by substituting “production operation” – for “production.”

The Ohio Chamber supports these changes that simply reaffirm what the state law has been for decades by clarifying the Ohio Revised Code, as originally intended by the Ohio General Assembly, and the Ohio Administrative Code that these direct sales are treated as nontaxable. The purpose is not to expand the scope of the current exemptions or exclusion; rather it is to aggregate and clarify them.

This action would bring a measure of clarity and certainty to the industry, which contributes to good business and continued business growth. We believe that it may also give a guideline for similar issues in other areas of law and regulation. The Ohio Chamber will continue working toward fair implementation of all taxes on behalf of our members and all Ohioans.

167 thoughts on “HB 430 Passes House – Ensures Predictability & Stability in Ohio’s Tax System

  1. Birthday needs can be in the sort of a one line, an proven estimate, or a entirely designed poem or essay. The method in which the birthday desire is shipped will count on the relationship to the receiver.

  2. In the age of electronic communications, birthday wishes can effortlessly be sent electronically. Playing cards can be despatched electronically, or greetings can be sent by means of electronic mail, textual content messages or updates on social networks.

  3. Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You obviously know what youre talking about, why waste your intelligence on just posting videos to your blog when you could be giving us something informative to read?

  4. I loved as much as you will receive carried out right here. The sketch is attractive, your authored subject matter stylish. nonetheless, you command get bought an edginess over that you wish be delivering the following. unwell unquestionably come more formerly again since exactly the same nearly a lot often inside case you shield this hike.

  5. It is really rare to encounter a specialist in whom you may have some confidence. In the world these days, nobody actually cares about showing others the solution in this matter. How fortunate I am to have actually found a wonderful site as this. It is really people like you who make a true difference in this world through the ideas they reveal.

  6. Hey There. I found your blog using msn. This is an extremely well written article. I’ll be sure to bookmark it and return to read more of your useful information. Thanks for the post. I’ll definitely comeback.

  7. My spouse and I absolutely love your blog and find a lot of your post’s to be exactly what I’m looking for. can you offer guest writers to write content for yourself? I wouldn’t mind publishing a post or elaborating on a number of the subjects you write related to here. Again, awesome weblog!

  8. Your talent is really appreciated!! Thank you. You saved me a lot of frustration. I switched from Joomla to Drupal to the WordPress platform and Ive fully embraced WordPress. Its so much easier and easier to tweak. Anyway, thanks again. Awesome domain!

  9. Thank you for taking the time to discuss the idea, I find myself intently with it and additionally real love looking at more about this kind of theme. In the event capability, mainly because you arrive at mastery, on earth do you insights upgrading your primary webpage utilizing indepth important info? This is useful for all of us.

  10. I simply wished to appreciate you yet again. I’m not certain what I would have achieved without the entire advice documented by you regarding such area. Certainly was a depressing situation in my position, but encountering this professional avenue you processed that made me to cry for happiness. I am just happier for your information and even wish you really know what a powerful job you happen to be providing teaching people today by way of your web blog. Most probably you have never come across any of us.

  11. I’m curious to find out what blog platform you have been utilizing? I’m experiencing some small security issues with my latest blog and I’d like to find something more risk-free. Do you have any suggestions?

  12. I’m really enjoying the theme/design of your blog. Do you ever run into any web browser compatibility issues? A number of my blog audience have complained about my website not operating correctly in Explorer but looks great in Firefox. Do you have any advice to help fix this issue?

  13. As the baby in the womb grows and the uterus expands to accommodate the infant, sleeping on the back becomes a form of suffering. Most pregnant women who do so experience acid reflux and shortness of breath. Sleeping sideways isn’t fun round-the-clock as well. You certainly need the most comfortable pregnancy pillow to successfully wake up the next day with a smile.

  14. I just want to mention I am just newbie to weblog and definitely enjoyed your blog. Almost certainly I’m likely to bookmark your blog post . You amazingly have outstanding articles and reviews. Many thanks for sharing your blog site.

  15. I just want to tell you that I’m newbie to blogs and actually savored your blog. Likely I’m want to bookmark your blog . You actually have outstanding articles and reviews. Many thanks for sharing your website page.

  16. hi!,I really like your writing very so much! share we be in contact extra approximately your post on AOL? I require a specialist in this house to resolve my problem. Maybe that’s you! Looking forward to see you.

  17. HiWhat’s upHi thereHello, after reading this awesomeremarkableamazing articlepostpiece of writingparagraph i am alsotooas well happygladcheerfuldelighted to share my experienceknowledgefamiliarityknow-how here with friendsmatescolleagues.

  18. Great awesome issues here. I am very glad to see your post. Thank you so much and i’m taking a look forward to contact you. Will you please drop me a mail?

  19. hello!,I love your writing very much! proportion we keep up a correspondence more approximately your post on AOL? I require a specialist on this house to resolve my problem. Maybe that is you! Having a look ahead to look you.

  20. Thanks for the sensible critique. Me and my neighbor were just preparing to do some research about this. We got a grab a book from our area library but I think I learned more from this post. I’m very glad to see such magnificent info being shared freely out there.

  21. Oh my goodness! an amazing article dude. Thank you However I am experiencing issue with ur rss . Don’t know why Unable to subscribe to it. Is there anyone getting identical rss problem? Anyone who knows kindly respond. Thnkx

  22. Thank you for sharing superb informations. Your website is very cool. I am impressed by the details that you’ve on this web site. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for extra articles. You, my friend, ROCK! I found just the information I already searched all over the place and simply couldn’t come across. What a great website.

  23. Howdy very nice website!! Man .. Beautiful .. Superb .. I’ll bookmark your web site and take the feeds also¡KI am happy to seek out numerous helpful info right here in the post, we’d like develop more techniques in this regard, thanks for sharing. . . . . .

  24. I was just looking for this info for some time. After 6 hours of continuous Googleing, at last I got it in your website. I wonder what’s the lack of Google strategy that don’t rank this type of informative web sites in top of the list. Usually the top websites are full of garbage.

  25. When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get four e-mails with the same comment. Is there any way you can remove me from that service? Cheers!

  26. My wife and i felt really happy Edward could round up his inquiry out of the ideas he discovered out of the site. It’s not at all simplistic just to choose to be giving out thoughts which usually other folks might have been making money from. And we realize we’ve got the blog owner to appreciate for that. Most of the explanations you made, the straightforward website menu, the relationships you can aid to create – it’s got many exceptional, and it’s aiding our son and the family do think this matter is exciting, which is certainly tremendously indispensable. Thank you for the whole lot!

  27. I’m also writing to let you be aware of what a incredible discovery my princess found reading the blog. She even learned a good number of things, most notably what it is like to possess an ideal giving heart to let many others effortlessly comprehend several very confusing subject matter. You truly exceeded visitors’ desires. Thanks for coming up with such useful, trustworthy, edifying and in addition easy tips on this topic to Lizeth.

  28. you’re in reality a just right webmaster. The site loading pace is incredible. It kind of feels that you’re doing any distinctive trick. Furthermore, The contents are masterpiece. you have done a wonderful process on this matter!

  29. RETS PRO reviews and details are typically offered within our forums. RETS PRO serves a online community of developers and real estate professionals who require the ultimate flexibility in their RETS output. RETS PRO rets plugin is the superior software system available for any real estate property website developer. RETSPRO was built especially for web developers to deliver them with the resources to truly customize a website for any real estate clients.

  30. I’m extremely impressed with your writing skills and also with the layout on your weblog. Is this a paid theme or did you customize it yourself? Either way keep up the excellent quality writing, it’s rare to see a nice blog like this one these days..

  31. naturally like your web-site however you need to check the spelling on quite a few of your posts. Several of them are rife with spelling issues and I in finding it very troublesome to inform the reality then again I will surely come back again.

  32. I have been absent for a while, but now I remember why I used to love this web site. Thank you, I¡¦ll try and check back more frequently. How frequently you update your web site?

  33. I like this post, enjoyed this one thank you for posting. “The goal of revival is conformity to the image of Christ, not imitation of animals.” by Richard F. Lovelace.

  34. I would like to thnkx for the efforts you’ve put in writing this site. I am hoping the same high-grade website post from you in the upcoming as well. In fact your creative writing abilities has inspired me to get my own site now. Really the blogging is spreading its wings rapidly. Your write up is a good example of it.

  35. Nice read, I just passed this onto a colleague who was doing a little research on that. And he actually bought me lunch as I found it for him smile Thus let me rephrase that: Thank you for lunch!

  36. I have been browsing online more than three hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. In my opinion, if all web owners and bloggers made good content as you did, the web will be a lot more useful than ever before.

  37. I’m extremely impressed with your writing skills as well as with the layout on your blog. Is this a paid theme or did you modify it yourself? Either way keep up the excellent quality writing, it is rare to see a great blog like this one these days..

  38. Pingback: taken from here
  39. What i don’t realize is actually how you’re not really a lot more smartly-liked than you might be now. You are very intelligent. You understand thus significantly on the subject of this matter, made me for my part consider it from numerous various angles. Its like men and women are not interested until it’s one thing to accomplish with Woman gaga! Your own stuffs great. All the time take care of it up!

  40. I loved as much as you’ll receive carried out right here. The sketch is attractive, your authored subject matter stylish. nonetheless, you command get got an edginess over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly very often inside case you shield this hike.

  41. I intended to post you one very little observation to be able to say thank you once again relating to the beautiful secrets you’ve shared here. It is simply generous of people like you to present without restraint just what numerous people might have offered for sale as an e-book to help with making some bucks on their own, principally seeing that you might well have done it if you ever considered necessary. Those points in addition acted to provide a great way to fully grasp that the rest have the identical passion much like my personal own to realize more when considering this problem. I think there are lots of more enjoyable times in the future for individuals who discover your blog post.

  42. you are actually a good webmaster. The web site loading speed is amazing. It sort of feels that you’re doing any distinctive trick. In addition, The contents are masterwork. you have done a fantastic process in this topic!

  43. A person necessarily assist to make seriously articles I would state. That is the first time I frequented your website page and so far? I surprised with the research you made to create this actual submit extraordinary. Fantastic process!

  44. HelloHowdyHiyaHeyWhats upGood dayHi there very nicecool blogwebsiteweb sitesite!! GuyMan .. BeautifulExcellent .. AmazingSuperbWonderful .. I willI’ll bookmark your blogwebsiteweb sitesite and take the feeds alsoadditionally? I amI’m satisfiedgladhappy to findto seek outto search out so manynumerousa lot of usefulhelpful informationinfo hereright here in thewithin the postsubmitpublishput up, we needwe’d likewe want developwork out moreextra strategiestechniques in thison this regard, thank youthanks for sharing. . . . . .

  45. Nice post. I was checking constantly this blog and I am impressed! Extremely useful information specifically the last part 🙂 I care for such info a lot. I was seeking this certain information for a long time. Thank you and best of luck.

  46. I simply could not depart your website before suggesting that I actually loved the standard information an individual supply on your visitors? Is going to be again often to investigate cross-check new posts

  47. I was just searching for this info for some time. After 6 hours of continuous Googleing, finally I got it in your site. I wonder what is the lack of Google strategy that don’t rank this type of informative sites in top of the list. Usually the top websites are full of garbage.

  48. Hiya, I am really glad I have found this information. Nowadays bloggers publish only about gossips and net and this is really frustrating. A good website with interesting content, that’s what I need. Thanks for keeping this web site, I will be visiting it. Do you do newsletters? Can not find it.

  49. Thank you for sharing excellent informations. Your website is so cool. I’m impressed by the details that you’ve on this site. It reveals how nicely you perceive this subject. Bookmarked this web page, will come back for more articles. You, my pal, ROCK! I found just the information I already searched all over the place and simply could not come across. What a great web site.

  50. I do agree with all the ideas you’ve offered on your post. They are very convincing and will definitely work. Still, the posts are too quick for starters. May you please prolong them a little from next time? Thank you for the post.

  51. Needed to send you the very little observation so as to give many thanks the moment again considering the stunning strategies you’ve shared at this time. This is particularly generous with you to convey freely what a number of people would’ve supplied for an electronic book to help with making some profit for themselves, most importantly since you could possibly have done it if you ever desired. Those principles in addition served to be a great way to recognize that other people have the identical passion just like my very own to see lots more when considering this issue. Certainly there are a lot more enjoyable occasions in the future for folks who read through your site.

  52. I’ve recently started a web site, the information you provide on this website has helped me tremendously. Thanks for all of your time & work. “Money is power, freedom, a cushion, the root of al evil, the sum of all blessings.” by Carl Sandburg.

  53. Real excellent info can be found on weblog . “Wealth may be an ancient thing, for it means power, it means leisure, it means liberty.” by James Russell Lowell.

  54. We are a group of volunteers and opening a new scheme in our community. Your website offered us with valuable info to work on. You have done a formidable job and our whole community will be thankful to you.

  55. Thanks for every other great post. The place else may just anybody get that kind of information in such a perfect means of writing? I’ve a presentation next week, and I am at the look for such information.

  56. I simply could not depart your web site before suggesting that I actually enjoyed the usual information an individual provide in your visitors? Is gonna be again regularly in order to check out new posts

  57. I am extremely impressed with your writing skills and also with the layout on your weblog. Is this a paid theme or did you modify it yourself? Either way keep up the nice quality writing, it is rare to see a great blog like this one today..

  58. Thank you, I’ve just been looking for info about this subject for ages and yours is the greatest I have discovered till now. However, what about the conclusion? Are you certain about the supply?

  59. Very interesting points you have noted , regards for putting up. “Brass bands are all very well in their place – outdoors and several miles away.” by Sir Thomas Beecham.

  60. We are a group of volunteers and starting a new scheme in our community. Your web site offered us with valuable info to work on. You have done an impressive job and our whole community will be thankful to you.

  61. My wife and i were absolutely more than happy that Jordan managed to deal with his studies by way of the precious recommendations he discovered while using the blog. It is now and again perplexing to just continually be freely giving helpful tips which often some others might have been selling. We really know we now have the blog owner to give thanks to because of that. All the explanations you’ve made, the straightforward blog navigation, the friendships you will help engender – it’s got most wonderful, and it’s aiding our son and our family consider that that subject matter is brilliant, and that is pretty serious. Thank you for the whole thing!

  62. PrettyVery nice post. I just stumbled upon your blogweblog and wantedwished to say that I haveI’ve reallytruly enjoyed browsingsurfing around your blog posts. In any caseAfter all I’llI will be subscribing to your feedrss feed and I hope you write again soonvery soon!

  63. obviously like your web site but you have to take a look at the spelling on quite a few of your posts. Several of them are rife with spelling issues and I find it very troublesome to inform the reality on the other hand I will definitely come back again.

  64. I precisely had to say thanks once more. I’m not certain what I could possibly have gone through in the absence of these suggestions discussed by you concerning such a theme. It was actually a very intimidating crisis in my position, however , spending time with a specialised approach you managed the issue forced me to cry over fulfillment. Now i’m thankful for this advice and then believe you comprehend what a powerful job you are always undertaking educating people today through a blog. I know that you have never got to know all of us.

  65. I am really impressed with your writing skills and also with the layout on your weblog. Is this a paid theme or did you customize it yourself? Either way keep up the nice quality writing, it is rare to see a great blog like this one today..

  66. Hiya, I’m really glad I’ve found this info. Nowadays bloggers publish only about gossips and net and this is actually annoying. A good website with exciting content, this is what I need. Thanks for keeping this web site, I will be visiting it. Do you do newsletters? Can not find it.

  67. Its like you read my mind! You appear to know a lot about this, like you wrote the book in it or something. I think that you can do with a few pics to drive the message home a bit, but instead of that, this is great blog. An excellent read. I’ll definitely be back.

  68. I think this is among the most significant info for me. And i’m glad reading your article. But should remark on some general things, The web site style is wonderful, the articles is really great : D. Good job, cheers

  69. Very interesting points you have observed , appreciate it for posting . “The thing always happens that you really believe in and the belief in a thing makes it happen.” by Frank Lloyd Wright.

  70. I will right away grab your rss feed as I can’t find your email subscription link or e-newsletter service. Do you’ve any? Kindly permit me recognise so that I may just subscribe. Thanks.

Leave a Reply

Your email address will not be published. Required fields are marked *