Federal and State Excise Tax Review - 1-1/2 units - October 26, 2016

Excise Taxes- Federal and State Excise Tax Review and Updates 

Sponsored by Bloomberg BNA and Mayer Brown

Who is impacted by Excise Taxes? 

Today, not only are your traditional refining and petroleum wholesale marketing companies impacted by Excise Taxes, but also petroleum product/crude importers, pipeline operators, terminal operators, natural gas fractionators and based on proposed legislation previously untaxed alternative fuels may be taxed similar to petroleum based fuels. Excise Taxes on petroleum products have been in existence for years.  Historically, Excise Taxes applied to traditional petroleum products, such as, gasoline, diesel and jet fuel.  However, changes in the petroleum industry in recent years have increased the reach of Excise Taxes. With the expansion of commercially available products, such as biodiesel and other renewable fuels, and new source/distribution networks due to the shale play, the number of companies impacted by Excise Taxes has increased sharply.

Please join us as we explore key topics in Excise Tax today, including the following:
• How to identify if your company has an Excise Tax issue.
• Biodiesel Credit – current provisions and pending changes.
• Taxation on imports of petroleum products and crude oil into the US
• Federal Income Tax benefit for biodiesel mixture and alcohol mixture (gasohol) credits
• Federal Excise Tax credits on fuel used in mobile machinery vehicles
• Updates on issues from around the country

Educational Objectives:
• Identify federal income tax benefits for biodiesel and gasohol credits
• Identify federal excise tax credits on fuel used in mobile machinery vehicles
• Understand the principals of taxation on U.S. imports of petroleum products and crude oil
• Know if your company has an Excise Tax Issue


Speakers:

Ronald Sass 
Sr. Manager, Tax Advisory Services Group, LLC

Kelly Mathews 
President, Kelly S. Mathews LLC, Houston, TX

Ed Greenstein 
Senior Manager, Deloitte Tax LLP

Moderator: Shawn O'Brien
Partner, Mayer Brown, Houston, TX

FREE!

Total Credits:  1.50 units

Online

October 26, 2016, 9:30 am - 11:00 am PDT

For further information see:

http://www.bna.com/excise-taxes-federal-m57982076917/

Note:  May require a promotion code