June 7, 2021, 5:00 a.m.
The Louisiana Board of Tax Appeals (BTA) on June 3 found that the taxpayer was responsible for an additional excise tax assessment. The Department of Revenue (DOR) audited the taxpayer’s business and assessed additional severance taxes because the taxpayer did not include certain lost and unrecorded gases in its severance tax base. The taxpayer, an independent producer and seller of oil and natural gas, protested the rating. Both parties have made applications for temporary injunctions. The BTA found that: 1) the taxpayer’s wholly owned subsidiary that performed gas collection services for the taxpayer consumed the fuel gas during the audit period; 2) the subsidiary retained a separate autonomy and …
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