ITC Welcomes Tough Property Tax Talk at the Executive Oil Conference & Exhibition
ITC Founder & CEO Mark Dzeda (center), Director of Property Tax Stephan Shaw (left) and Oil & Gas Property Manager / Midland, Clay Fowler (right) manned the ITC Booth at Hart Energy’s 10th Annual Executive Oil Conference and Exhibition. The show was on November 15-16, 2022, at the Midland County Horseshoe Arena.
Industry executives that stopped by the booth were interested in what’s next for U.S. producers and how they might navigate the challenges of fluxing economic factors with the firm’s customized property tax minimization services.
“Put next year’s conference on your calendar, same place, November 16, 2023. We’ll be here,” said Mark. “Rub shoulders, shake hands, share information, and get expert advice from the region’s key players. Hart Energy always delivers market-leading, energy industry insights to investors, and the financial community, upstream producers, midstream operators, service companies, and energy professionals.”
The Executive Oil Conference is one of the best to stay informed! It is well worth the investment in time and money. For more information, https://www.hartenergyconferences.com/executive-oil-conference
Meet Stephen Shaw -- New Wheel-horse for ITC Houston
Join in welcoming Stephen Shaw, ITC’s new Houston headquarters’ Operations Manager and Director of Property Tax. With sustained growth comes the need to ensure that people like Stephen are in a position to serve as leaders, organizers, and watchdogs for the tax and economic trends ITC is known for specializing in–Stephen is our CEO Mark Dzeda’s go-to wheel-horse.
Stephen brings over 20 years of experience in covering all phases of commercial and complex property taxation. He’s accomplished a high success rate with the valuation and appeal processes and negotiated exemptions. Additionally, he has handled litigation resulting in better valuation settlements for industries ranging from, but not limited to, energy, oil & gas, high-tech data centers, manufacturing, and renewables (wind farm).
His vast compliance knowledge runs across multiple states, including AK, AL, CA, CO, FL, GA, LA, MS, NM, OH, OK, OR, TX and WA. When asked why he chose to join ITC, Stephen said, “Because ITC is on a growth trajectory, and I want to be on the ride up. I have a lot to bring to the table.”
“I know ITC team members and clients will benefit from the full impact of Stephen’s background and knowledge,” said Mark. “His credentials speak volumes–licensed Texas Property Tax Consultant (TDLR), Texas A&M University, B.A. in finance, Appraisal for Ad Valorem Taxation, Wichita State University, and Texas Association of Property Tax Professionals.”
Texas Supreme Court says it can’t force the state to process deluge of applications for tax break expiring this yearNew Paragraph
Tax Break Applications in Jeopardy
As reported in The Texas Tribune on December 30, 2022, the Texas Supreme Court says it cannot force the state to process a deluge of applications for tax breaks arising from the program known as Chapter 313.
According to the legislative program, the Texas comptroller’s office, led by State Comptroller Glenn Hegar, has until December 31, 2023, to get companies’ applications in, reviewed, and approved. At issue before the Court are two renewable holding companies’ applications for ten years of property-tax incentives. Their applications were submitted in a timely fashion. However, the comptroller needed to complete a mandatory economic evaluation of the applications within 90 days. Due to an
administrative bottleneck, the companies were bumped from the program based on the comptroller not making the 90-day deadline. Neither company had control over the comptroller’s processing bottleneck. As a result, both companies are barred from the program to their detriment, and the many school districts eager for their investments.
It was noted in the Court’s opinion that the legislature is fully aware that resource constraints are common in both the public and private sectors. Therefore, the comptroller must assess how to deploy the limited resources effectively.
At this point, it was stated that the legislature never had to create Chapter 313. Still, having enacted it, any decision about whether to continue, expand it, or stop new applications from being considered is purely a matter of legislative discretion.
Announcing ITC Midland, Texas Expansion
The New Year 2023 looks good from our new ITC offices in West Texas’ booming Midland. Located conveniently in the ClayDesta area, we are just minutes from the Midland Executive Airpark. Our clients with offices in Midland or close by will be able to meet with us on-site at our offices or arrange to have executives jet in for a meeting at nearby Midland Executive Airpark conference facilities.
“It’s key we have a presence in West Texas,” said Founder and CEO Mark Dzeda. “Veteran extraordinaire Clay Fowler (above) brings 30+ years’ of experience in the industry to our new location. He will be our Midland PetroSuites Property Tax Manager / Business Development. You’ll want to introduce yourself!”
ITC is a Texas-based complex industrial property tax consulting firm. With our 2023 expansion, we now have six locations serving 48 states — our corporate headquarters are in Houston, with offices in Austin, Dallas, Denver, Permian Basin, and now Midland!
Our contact information:
ITC – Industrial Tax Consulting | Midland
Get your business on Clay’s calendar! Contact him at firstname.lastname@example.org to meet up and make yourself at home in our new location.