OH SR176

Urges Congress to oppose federal policies that impose disproportionate tax increases or punitive measures targeting the natural gas and oil industry.

States the industry supports 11.3 million jobs nationwide and contributed $58.7 billion to Ohio's economy in 2019, supporting 375,000 Ohio jobs with wages averaging 70% higher than the national average.

Claims industry investments led to a 15% decrease in household energy costs over the past decade while food, education, and healthcare costs increased.

Argues the natural gas and oil industry should be eligible for the same tax recovery mechanisms available to other manufacturing sectors for job creation and operational investments.

Requires the Ohio Senate Clerk to transmit copies of the resolution to President Biden's Cabinet, Ohio's Congressional delegation, and Capitol Press Corps.