New Mexico Sales and Use Tax for the Oilfield Services Industry - In-Person (Roswell, NM)

This course explains how the New Mexico Gross Receipts 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. 

October 24, 2024 
12:00pm - 4:00pm
4 CPE Credits 
Roswell, NM 


(New Mexico) Tim Van Valen

Credits

Leaders

• Timothy Van Valen

  Tim Van Valen is a New Mexico attorney with 35 years of experience. For over 25 years, his practice has been devoted almost exclusively to New Mexico taxation issues for businesses, primarily large, multi-state or multinational. Common topics are tax research and planning, litigation and appeals, legislation and government affairs, regulations, private letter rulings, and unique issues relating to business activities involving Native American tribes, nations, and pueblos.

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