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"Squeezing the (Remaining) Golden Geese: Refinery Closures May Lead to Increased Tax Scrutiny on Operating Facilities," Oilman Magazine

By Jesse R. Adams, III, William M. Backstrom, Jr.

Article

January 6, 2021

Jay Adams, a partner in the Tax Practice Group in the New Orleans office, and Bill Backstrom, a partner and leader of the firm's Tax Practice Group in the New Orleans office, authored the Oilman Magazine article "Squeezing the (Remaining) Golden Geese: Refinery Closures May Lead to Increased Tax Scrutiny on Operating Facilities" on the effects that closed refinery facilities may have on owners, local community, and state and local governmental authorities as well as strategies businesses can use to maintain property tax responsibilities and opportunities. Jay and Bill emphasize that in local jurisdictions, where a large facility closes, owners of continuing businesses must create proactive strategies to lessen tax burdens without causing harm to the relationships within their communities. The two attorneys also outline steps to attain lower local property taxes and improved cash flow.

Related Professionals
  • name
    Jesse R. Adams, III
    title
    Partner
    phones
    D: 504.582.8364
    email
    Emailjadams@joneswalker.com
  • name
    William M. Backstrom, Jr.
    title
    Partner
    phones
    D: 504.582.8228
    email
    Emailbbackstrom@joneswalker.com

Related Practices

  • Tax
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