Revise oil and natural gas severance tax; electric bill credit

Summary

The measure changes how Ohio collects and allocates severance tax revenue from oil and natural gas, establishing an Oil and Gas Well Fund to cover regulatory costs, health‑safety expenses, and to fund a credit on residential electricity bills. It gives the chief of the Division of Oil and Gas Resources Management exclusive authority over well permitting and allows priority liens on wells for unpaid fees. The bill is currently referred to committee.

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