Energy Webinar: Sales Tax Recovery – Where Can Oil and Gas Companies Find the Dollars?
Resource & Insights
July 30, 2020
Tune in to this webinar discussion where we’ll have an overview of the sales tax recovery process, key considerations, exemptions and opportunities for companies in the energy industry. Our goal is to help your company identify refund opportunities and understand your options to bring cash in the door.
The learning objectives are to understand:
Presenters:
This webinar is for all levels of business professionals, accountants and CFOs. Please note that CPE credit is not awarded for recorded webinars. Keep an eye on our events page, or sign up to receive invites for future webinars.
Low Producing Oil Leases and Gas Wells Eligible for State Tax Credits
Oil produced during May 2020 from a qualified low-producing oil lease is eligible for a 50% credit on the oil production tax based on the Texas Comptroller’s certification of average taxable prices for gas and oil published in the Texas Register on July 3, 2020. Gas produced during May 2020 from a qualified low-producing well is eligible for a 100% credit on the natural gas production tax.