- Stingray Pressure Pumping provides fracking services for oil and gas extraction.
- Ohio exempts some equipment from sales and use tax for oil and gas production.
- Stingray challenged the Ohio Board of Tax Appeals’ decision that some of their equipment did not qualify for the exemption.
- The Court of Appeals determined that the statute applied retroactively, and the case was remanded for consideration under the new statute.
- The Supreme Court analyzed the items listed in the new statute to determine applicability of the exemption.
- The Court concluded that all items, except the data van, qualified for the exemption.
- The Court also concluded that certain services were exempt without having to qualify as being “used directly in the production of crude oil and natural gas for sale.”
Source Ryan
Latest Posts in "United States"
- Top U.S. States With No Sales Tax: Business and E-Commerce Savings in 2025
- U.S. Eliminates $800 De Minimis Exemption; New Tariffs on All Low-Value Imports Effective August 2025
- U.S. Sales Tax Explained: Key Rules, Nexus, Exemptions, and Compliance Steps for Businesses
- Utah Approves New Emergency Services Sales Tax and Modifies Rural Health Care Tax Rules
- Committee Urges Voters to Renew 1% Sales Tax for Bibb County School Improvements
