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Exxon Loses Fight for $337 Million Fuel Tax Refund From U.S.

Tom Korosec
Exxon Loses Fight for $337 Million Fuel Tax Refund From U.S.

Exxon Mobil Corp. lost its fight with the U.S. government over a request for a $337 million refund for fuel excise taxes. A Dallas federal judge on Wednesday sided with the government in a dispute over how to apply so-called mixture credits against the fuel excise tax. The decision resolves a piece of a lawsuit Exxon filed in 2016 try to recover a total of $1.3 billion for “erroneously assessed and collected federal income taxes,” plus interest, for the period from 2006 to 2009.