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Title: New York State oil company gross receipts taxation

Journal Article · · Oil Gas Tax Q.; (United States)
OSTI ID:5288734

New York's Governor Cuomo was able to mediate a settlement with 18 major oil companies subject to gross receipts taxation. The compromise was intended to end three years of litigation and to assure a tax revenue flow to the state of hundreds of millions of dollars. It represents New York's effort to single out a handful of large national companies for special burdens and a final resolution of a dispute over the state's attempt to prevent these companies from passing through their tax liabilities to consumers in the prices of petroleum products. This article reviews oil company taxation in New York State and the effects of the recent accord. 95 references.

Research Organization:
Hancock and Estabrook, Syracuse, NY
OSTI ID:
5288734
Journal Information:
Oil Gas Tax Q.; (United States), Vol. 32:2
Country of Publication:
United States
Language:
English