From the AP:

Alabama could be forced to refund $83 million in taxes paid by oil and gas companies, including millions of dollars from Mobile and Baldwin counties, if a recent judge’s ruling is allowed to stand, state revenue officials said Tuesday.

The Alabama Department of Revenue warned several counties and cities that receive oil and gas tax payments about the possible refunds in a letter sent last month.

The state has appealed a judge’s order granting ExxonMobil Corp. about $41 million including interest in oil and gas severance tax refunds.

Very interesting.  When it was ruled that ExxonMobil underpaid the state of Alabama courts granted a compensatory award of about the same magnitude as what Alabama apparently owes ExxonMobil here.  In that case the jury also awarded the state a multi-billion dollar punitive award, which was overturned by the state’s Supreme Court.  All across the state people got jackpot justice fever and acted as though ExxonMobil owed the billions to the state and that the state in some way deserved the punitive money.  I haven’t heard any of those same people demanding that the state be punished for withholding money from ExxonMobil with a similar multi-billion dollar award.

• Alabama and Exxon go to court
• $3.6 Billion Exxon Award Overturned
• AL Senate passes general fund budget
• Clark Griswold governance
• How the IRS gave away $200M

This entry was posted by Brian on Thursday, November 22nd, 2007 at 10:29 am and is filed under Alabama, Legal. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. Please note the copyright policy.