TX/NM/LA Oilfield Services Sales & Use Tax: April 25, 2019

  • Houston, TX
  • 8:30 am – 4:00 pm
  • $325

Presented by:

  • Jimmy Martens, Attorney, CPA | Martens, Todd, Leonard & Ahlrich
  • Tim Van Valen, Attorney | Askew & Mazel
  • Gary Dressler, CPA | Postlethwaite & Netterville

8 CPE Credits.

Multi-State Oilfield Services Industry Sales Tax for Texas, New Mexico & Louisiana

Recent crude oil price stabilization along with newly-discovered, prolific oil & gas fields in Texas, New Mexico & Louisiana have likewise prompted the state taxing authorities to “mine” records for additional state revenues. Refund opportunities and pitfalls in these three states’ tax laws have generated similar interest in the oilfield service providers. Attend this all-day course to learn from well-known, expert instructors from each state. We’ll spend the morning discussing each state’s tax laws for context in an oilfield setting. For the afternoon, the speakers will present as a panel, during which they will review each phase of the oilfield process, followed by discussions of how each of the states’ tax laws applies to those phases.

Hot Topics:

Texas:

  • · Oilfield Equipment Qualifying for Manufacturing Exemption
  • · Fracking Trucks: Moveable, Specialized Equipment or Motor Vehicles?
  • · Acidizing Services: Sales Tax or Well Servicing Tax?
  • · Integral Transfer Exemption for Chemicals & Proppants

New Mexico:

  • · Extremely Broad Scope of Gross Receipts Statute
  • · Chemicals & Reagents Deduction
  • · High Wage Jobs Tax Credit & Oilfield Workers
  • · Anticipated Tax Reform

Louisiana:

  • · Oilfield: Service vs. Rental Issues
  • · Immovable Property Issues
  • · Local Tax Determinations for Equipment Used in Multiple Parishes
  • · Offshore Use: Equipment Purchases/Rental, Materials & Supplies
  • Field of Study: Taxes
  • Prerequisite: None
  • Program Level: Basic
  • Delivery Method: Group-Live

AGENDA

  • 8:00 – 8:30 Registration
  • 8:30 – 9:45 Texas Sales Tax & Well Servicing Tax
  • 9:45 – 10:45 New Mexico Gross Receipts Tax
  • 10:45 – 10:55 break
  • 10:55 – 12:00 Louisiana Sales Tax
  • 12:00 - 12:30 Lunch (provided)
  • 12:30 – 4:00 Oilfield Services & How Taxes Apply / Panel Discussion (with 10 min break)
  • Determining Where to Drill
  • Acquiring Oil Leases
  • Preparing the Site & Access Road
  • Moving Equipment & Rigging Up
  • Drilling the Well
  • Completing the Well
  • Operating the Producing Field
  • Workover
  • Plugging & Abandonment

Date

4/25/2019

Where

Houston, TX

Venue

  • Houston Hilton North
  • 12400 Greenspoint Dr.
  • Houston, TX 77060

Price

  • $325
  • ($100 colleague discount)
cpe registry logo.png

LAT Seminars is registered with the National Association of state Boards of Accountancy (NASBA) as a sponsor of continuing professional educations on the National Registry of CPE Sponsors. State boards of accountancy have final authority of the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: learningmarket.org