News & Analysis as of

Oil & Gas Sales & Use Tax

Blank Rome LLP

Ohio Supreme Court Holds Equipment Used in Fracking Exempt from Use Tax

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The Ohio Supreme Court, reversing the Board of Tax Appeals, held that various items of equipment used in providing fracking services were directly used in the production of oil and gas and, consequently, were exempt from Ohio...more

Freeman Law

Texas Sales and Use Tax Implications of Oil and Gas Well Servicing

Freeman Law on

In certain circumstances, services performed on oil and gas wells or related equipment may be subject to Texas sales or use tax.  The taxability of these services is fraught with complexity, but is discussed briefly below....more

Freeman Law

Sales and Use Tax Refund Opportunities for Energy Companies

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Due to the drop in demand for oil and gas attributable to the COVID-19 pandemic and the decline in oil prices, cash flow generation is crucial to energy companies. To enhance cash flow, energy companies should review their...more

Bracewell LLP

Energy Companies' Sales and Use Tax Refund Opportunities

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Due to the drop in demand for oil and gas attributable to the COVID-19 pandemic and the sudden decline in oil prices, cash flow generation is crucial to energy companies. To enhance cash flow, energy companies should review...more

Bracewell LLP

Tax Update from the Texas 86th Legislative Session

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Major tax legislative updates occurred as part of the 86th Texas Legislature: Sales and Use Taxes - Marketplace providers (HB 1525) - Texas, and several other states, have enacted legislation that requires...more

Buckingham, Doolittle & Burroughs, LLC

Ohio sales / use tax: Statute expanding oil & gas exemption applies retroactively to purchases of hydraulic fracturing equipment

The Tenth District Ohio Court of Appeals recently applied a statutory amendment clarifying the oil & gas exemption for Ohio sales & use tax retroactively. Interestingly, while this appeal was pending at the Board of Tax...more

McNees Wallace & Nurick LLC

Recent PA Sales Tax Guidance Concerning Natural Gas and Other Mining Activities

With all of the natural gas mining activity in Pennsylvania, the Department of Revenue has issued various guidance on what machinery, equipment and supplies falls within the "mining" exemption under Pennsylvania's sales and...more

McNees Wallace & Nurick LLC

PA Tax Law News - February 2014: Documentation Requirements for Sales of Fuel Oil, Kerosene, Natural Gas and Propane

For sales tax purposes, fuel vendors are required to obtain valid exemption certificates for all exempt nonresidential sales of fuels that are not subject to fuel taxes. Although the residential use of fuel is not subject to...more

BakerHostetler

Ohio Governor Relaunches Severance Tax Plan In Budget Proposal

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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

Cozen O'Connor

Infrastructure Alert - January 29, 2013

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The current International Longshoremen’s Association (ILA) and U.S. Maritime Alliance (USMX) contract extension expires at the end of February 6. Carrier-paid container royalties remain the central issue in the negotiation. ...more

Cozen O'Connor

Infrastructure Alert - January 15, 2013

Cozen O'Connor on

The $50.7 billion Hurricane Sandy relief package is currently being debated in the House. Monday night, the Rules Committee approved 13 amendments for floor consideration. After neglecting to schedule a vote on an aid...more

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