Colorado Severance Tax – New Case Allows Operators To Deduct The Cost Of Capital

A decision in late April, 2016, by the Colorado Supreme Court, allows deduction of the cost of capital for construction of gas processing and transportation facilities in calculating Colorado severance tax. In BP America Production Company v. Colorado Department of Revenue, 2016 CO 23, 2016 WL 1639829, the Colorado Supreme Court reversed the decision of […]