Date Start Date: 10/24/2024 Start Time: 8:30 AM CST End Date: 10/24/2024 End Time: 4:00 PM CST Contact Name: Devyn Larson Phone: 6158098745 Email
Texas & New Mexico Sales and Use Tax/Gross Receipts for the Oilfield Services Industry CPE Credit Hours: 8.0 Program Level: Basic Program Prerequisite: None Advanced Preparation: None Course Presenter (Texas): Jimmy Martens Course Presenter (New Mexico): Tim Van Valen Course Time: 8:30 am - 4:00 pm MDT Location: Roswell, New Mexico ( Pioneer Bank ) 3000 N Main St, Roswell, NM 88201 This course explains how the Texas & New Mexico sales and use tax/gross receipts, 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 Comptroller's recent change in taxing policies for oilfield services, including flowback, directional drilling, and others. Learning 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 Visit the Website
