Texas Use Tax for the Oilfield Services Industry - Virtual

* Virtual*

This course explains how the Texas Sales and Use/Well Servicing Taxes 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. 

October 24, 2024 
8:30am - 12:00pm 
4 CPE Credits 
Zoom

(Texas) Jimmy Martens 

Credits

Leaders

• Jimmy Martens

  Jimmy Martens, Attorney and CPA, is a partner with Martens & Leonard, a Texas tax litigation law firm located in downtown Austin, Texas. Mr. Martens has tried tax cases through both the Texas Supreme Court and the U.S. Supreme Court. He limits his practice to challenging Texas franchise and sales tax assessments during audits, in administrative hearings, and in the state courts of Texas. He is board certified by the Texas Board of Legal Specialization in Tax Law. View a list of his reported cases here.

  He is a vice chair of the Tax Controversy Committee of the State Bar of Texas and a former chair of the Tax CLE Committee. Mr. Martens serves as the course instructor for the TXCPA’s statewide course on the Texas franchise (margin) tax and the Texas sales & use tax. He has taught Texas State Taxation and Tax Controversies & Litigation at the University of Texas School of Law. He writes and speaks frequently on a variety of tax subjects. He received his B.B.A. and J.D. degrees from the University of Texas at Austin, both with honors.

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