Judge reverses own decision to extend the Texas sales tax manufacturing exemption to include oil and gas extraction equipment *

USA - May 2 2012
On April 11, 2012, Judge John Dietz issued a ruling from the bench in Southwest Royalties, Inc. v. Combs, Case D-1-GNU-09-004282 (Travis County 250th Dist. Ct.) to extend the Texas sales tax exemption for manufacturing property to include certain items of property, such as well casing and “down-hole” equipment, used to extract oil and gas.

Co-authors: Alexander W. Jones, Elizabeth McGinley.

Texas ruling could expand the scope of the manufacturing exemption from sales or use tax to equipment used in oil and gas extraction *

USA - April 19 2012
In a recent Texas bench ruling, in the case of Southwest Royalties, Inc. v. Combs, Case D-1-GNU-09-004282 (Travis County 250th Dist. Ct.), the court expanded the Texas sales or use tax exemption for manufacturing property to include certain items of tangible personal property such as well casing and certain “down-hole” equipment used to extract oil and gas from wells.

Co-authors: Alexander W. Jones, Elizabeth McGinley.

Tax-exempt financing available to private entities in 2010 *

USA - July 28 2010
Under the American Recovery and Reinvestment Act of 2009, private entities are authorized to finance capital expenditures at tax-exempt interest rates, if financed prior to January 1, 2011.

Co-authors: Marshall T. White, Al Kyle.

Pennsylvania legislature expresses intention to enact a natural gas severance tax *

USA - July 15 2010
In connection with the completion of the 2010-2011 budget for the Commonwealth of Pennsylvania, the General Assembly has expressed its intention to pass legislation imposing a severance tax on the extraction of natural gas.

Co-authors: Alexander W. Jones, Elizabeth McGinley.