Wednesday, July 20, 2016

Sales Tax Exemption for Manufacturing Held Inapplicable for Oil and Gas Equipment, but Questions Remain

Originally published by Energy Legal Blog ®.

Southwest Royalties, Inc. v. Hegar, No. 14-0743 (Tex. June 17, 2016)(“Southwest”), addresses the applicability of a sales tax exemption for property sold for use in manufacturing in the context of oil and gas production. Although the taxpayer, an oil and gas production company, ultimately lost, as it had at the agency, trial court, and appellate court levels, the Court declined to reach a conclusion on several arguments in the case, leaving unresolved questions in the area.

Energy, Tax
Joe Hull, Anne Holth

Curated by Texas Bar Today. Follow us on Twitter @texasbartoday.

from Texas Bar Today
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