Ohio Supreme Court Holds that Some Fracking Equipment Qualifies for Oil and Gas Production Exemption

In a case involving a hydraulic fracturing company and whether certain equipment it purchased qualified for Ohio’s sales and use tax exemption as equipment used directly in the production of crude oil and natural gas, the Ohio Supreme Court reversed earlier rulings in the case to hold in the taxpayer’s favor that the equipment qualified for exemption under a broader interpretation of the exemption statute.

Source Deloitte

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