Substantial Texas Sales Tax Refund Opportunities Available for the Oil and Gas Industry

摘要

As the largest energy-producing state in the United States, Texas has a well-earned reputation as a state with a pro-business philosophy. This business-friendly approach is extended to the oil and gas industry through the availability of generous sales tax exemptions. Those exemptions encompass the upstream companies involved in exploration and production (E&P) and extend to midstream and downstream companies whose exemptions are typically addressed by the sales tax code as it applies to manufacturers.