Texas & Louisiana Sales and Use Tax for the Oilfield Services Industry
LCPA Member Center Two Lakeway Building
3850 N. Causeway Blvd., Suite 1650
Metairie, LA
70002
8.00 Credits
Member Price $169.00
Non-Member Price $400.00
Overview
This course explains how the Texas & Louisiana sales and use tax plus well servicing tax rules apply to the oilfield services industry at all stages of the drilling and completion processes. This course starts with determining an area of interest, then proceeds through the drilling and completion of a well. After discussing the rules for producing fields, we conclude with tax rules for workover, and plugging & abandonment. We also review the Comptrollers recent change in taxing policies for oilfield services, including flowback, directional drilling, and others.Printed course materials will be provided.
AGENDA
Morning Sessions: Jimmy Martens
8:30 am Texas Sales and Use Tax Overview
- Texas Sales & Use Tax
- Well Servicing Tax
8:40 am Texas Sales Tax Rules
- Taxable Materials, Supplies, and Equipment
- Renting Oilfield Equipment
- Operator Leases
- Real v. Tangible Personal Property
- Taxable Services
9:30 am Texas Well Servicing Tax
- Testing, Cementing, Shooting, Fracturing, and Acidizing
- Non-Taxable Services
- Interplay with Sales Tax
10:00 Break
10:10 am Taxing Oilfield Services
- Determining an Area of Interest
- Acquiring Oilfield Leases
- Moving Equipment & Rigging Up
- Drilling the Well
- Operating and Completing the Producing Oilfield
- Workover
- Plugging & Abandoning the Well
11:40 am Oilfield Tax Exemptions
- Surface v. Subsurface Equipment
- Proppant & Fracking Chemicals
- Utility Costs
- Offshore Exemptions
12:00 pm Box Lunch
Afternoon Sessions - Gary Dressler
12:30 pm Louisiana Tax Overview
- Sales & Use Tax
- Taxable Goods and Services
- Lease Tax and Leases
- Local Sales, Use, and Lease Tax
1:00 pm Louisiana Sales Tax Issues
- Seismic/Geophysical Work
- Leases – for Re-lease, Offshore, and Inter-Parish
- First Use Offshore
- Repairs – Offshore Drilling and Exploration
- Immovable Property
- Compression Services/Leases
- Oilfield Services
2:00 pm Break
2:10 pm Louisiana Sales Tax Issues Cont'd
3:00 pm Handling Louisiana Audits
- Statute of Limitations
- Credit for Taxes Paid
- Managed Audits Pre-Audit Planning
- Dealing with the Louisiana or Parish Auditor
NOTE: This course qualifies for CLE.
QUESTIONS? Call the Member Service Team at 504.464.1040 or email us at info@lcpa.org.
Objectives
- Identifying taxable oilfield transactions
- Resolving rental versus service issues
- Well-Servicing Tax Rules
- Understanding how oil wells and drilled sites are taxed
- Applying the tax rules to all oilfield service phases
Notice
NOTE: This course qualifies for CLE.
QUESTIONS? Call the Member Service Team at 504.464.1040 or email us at info@lcpa.org.
Leader(s):
Leader Bios
Gary Dressler, Associate Tax Director, EAG Gulf Coast, LLC
Gary Dressler, CPA, is an Associate Director with EisnerAmper's (formerly Postlethwaite & Netterville) Tax Services Group. He has more than 27 years of State and Local Tax (SALT) experience. His primary focus is on all matters pertaining to state and local taxation, including planning, consulting, audit representation, and representation at both state and local appeals hearings.
Prior to joining P&N, Gary spent 19 years in the retail industry, 2 years in the tax department of an oil and gas company, and over 18 years with a big four accounting firm where he served as the State Tax Resource Network member for Louisiana, Arkansas and Mississippi.
He is a past Chair of the Society of Louisiana CPAs and Past President of the non-profit association's New Orleans Chapter. He currently serves on LCPA's Financial Literacy and Career Awareness committees.
Jimmy Martens
Jimmy Martens, Attorney and CPA, is a partner with Martens, Todd & Leonard, a Texas tax litigation law firm located in downtown Austin, Texas. Mr. Martens has tried tax cases through both the Texas Supreme Court and the U.S. Supreme Court. He limits his practice to challenging Texas franchise and sales tax assessments during audits, in administrative hearings, and in the state courts of Texas. He is board certified by the Texas Board of Legal Specialization in Tax Law. View a list of his reported cases here.
He is a vice chair of the Tax Controversy Committee of the State Bar of Texas and a former chair of the Tax CLE Committee. Mr. Martens serves as the course instructor for the TXCPA's statewide course on the Texas franchise (margin) tax and the Texas sales & use tax. He has taught Texas State Taxation and Tax Controversies & Litigation at the University of Texas School of Law. He writes and speaks frequently on a variety of tax subjects. He received his B.B.A. and J.D. degrees from the University of Texas at Austin, both with honors.
Non-Member Price $400.00
Member Price $169.00