The Texas Third Court of Appeals just issued its opinion in Southwest Royalties, Inc. v. Combs, No. 03-12-00511-CV. The opinion affirms a district court opinion denying oil and gas operators the Texas sales tax manufacturing exemption on their purchases of certain above-ground and downhole production equipment. The opinion also provides some useful discussion of the circumstances under which the Texas Comptroller’s statutory interpretations should be accorded deference. We will soon post a longer blog entry discussing this opinion and its implications for Texas taxpayers in more detail in our Texas tax law blog.
apportionment Bars combs v. Texas Entertainment Association compensation deduction Comptroller rules constitutionality construction business cost of goods sold deduction court opinions half-percent rate health care hospitality industry movie theaters multistate tax law Nestle nexus oil and gas pass through revenue rent to own Roark v. Combs sales tax service industry sexually oriented business fee SIC Code small business exemption standard deduction supervisor labor Tax Policy texas comptroller Texas franchise tax Texas mixed beverage tax Texas property tax Texas sales and use tax Texas sales tax Texas Supreme Court decision texas tax Texas tax law Texas tax procedure texas use tax third court of appeals transportation companies trial court case trial court decision use tax Ways & Means Meeting
This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. Do not send any confidential information, because such information will not be protected by the attorney-client privilege until such privilege has been established.
© 2017 Seay & Traphagan, PLLC
Designed by Alan Bellows