- 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"
- Gas Taxes by State, 2025
- Navigating the Complex Tax Landscape of Digital Products and Services in the U.S.
- Understanding VATs and Tariffs: Essential Tax Principles for U.S. Global Business Success
- Wayfair’s Economic Nexus: Transforming Business Tax Obligations Across Sales and Income Tax Landscapes
- Indiana DOR Grants Sales Tax Refund After Sustaining Taxpayer’s Protest and Evidence Submission
