Unfortunately, you lack the relevant facts to supp
Post# of 4466
(Total Views: 558)
Posted On: 01/24/2019 10:04:10 AM
Re: DieselBuzz #4360
Unfortunately, you lack the relevant facts to support such a claim.
Texas has a tax deferment program known as Chapter 313.
Pecos County, with more than 100 years of dealing with oil & gas activity, and the school district, the principal taxing authority within the county, regularly uses Chapter 313 exemption and deferment for oil & gas production facilities like refineries, gas plants, and related infrastructure.
The reality is, that if the imaginary MMEX facility were ever built, it would generate no tax revenue for Pecos County taxing authorities over the span of the deferment - 20-years.
The notion of "town governments" "earning tax money" is another clueless statement. In Texas, local government generates the preponderance of its tax revenue through sales and use taxes, motel, hotel, restaurant and franchise fees. In Texas, school districts are the primary taxation authority, followed by county, and special taxation districts, like emergency services.
Further, if an MMEX facility were built, its revenues would not be subject to local taxation. Moreover, a facility like what MMEX proposes would never generate positive revenue or margin - it is well-known, and understood that stand-alone crude units cannot operate at break-even.
Mad J.'s toxic lending pals need to dump, and liquidate about 18-million shares - trading volumes of a measly 400K, even if the entire volume was dumping activity, would require 45-days to clear that many shares...
Texas has a tax deferment program known as Chapter 313.
Pecos County, with more than 100 years of dealing with oil & gas activity, and the school district, the principal taxing authority within the county, regularly uses Chapter 313 exemption and deferment for oil & gas production facilities like refineries, gas plants, and related infrastructure.
The reality is, that if the imaginary MMEX facility were ever built, it would generate no tax revenue for Pecos County taxing authorities over the span of the deferment - 20-years.
The notion of "town governments" "earning tax money" is another clueless statement. In Texas, local government generates the preponderance of its tax revenue through sales and use taxes, motel, hotel, restaurant and franchise fees. In Texas, school districts are the primary taxation authority, followed by county, and special taxation districts, like emergency services.
Further, if an MMEX facility were built, its revenues would not be subject to local taxation. Moreover, a facility like what MMEX proposes would never generate positive revenue or margin - it is well-known, and understood that stand-alone crude units cannot operate at break-even.
Mad J.'s toxic lending pals need to dump, and liquidate about 18-million shares - trading volumes of a measly 400K, even if the entire volume was dumping activity, would require 45-days to clear that many shares...
Quote:
Fort Stockton is not investing and never was. The taxes they will earn from the operation of this refinery will make them some nice income. They're very happy with the development of this facility.
400,000 volume is really good!
I was sure you weren't the type that brings out ridiculous charting numbers. Good luck with that!
(0)
(0)MMEX Resources Corporation (MMEX) Stock Research Links
Scroll down for more posts ▼