Ohio Court: Utica Frackers Owed Sales Tax Refunds for Equipment

| | | |

Good news for oilfield services companies that offer fracking services in the Ohio Utica Shale. The Tenth District Ohio Court of Appeals recently ruled that an amendment to an existing law granting tax exempt status for oil and gas equipment not only applies to equipment purchased by frackers from now on, it also applies to equipment they’ve purchased (and paid sales tax on) going back in time too. In other words, some frackers are owed refunds on the sales tax they’ve paid in the past.

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.