‘Below-Ground’ Gas, Oil Equipment Tax-Exempt, TX Judge Finds

摘要

A district court judge in Texas has ruled that oil and natural gas production equipment used “below ground,” i.e. extraction equipment, is exempt from state sales taxes. According to reports, Travis County District Court Judge John Dietz is expected to issue a signed judgment within a week in the case, which pitted Southwest Royalties Inc. against the State of Texas. The state has 30 days to appeal, and indications are that an appeal is likely.