January 12, 2023
Valero Energy agreed to drop its bid for a nearly $408 million tax refund involving fuel mixture excise tax credits following a Fifth Circuit decision that sided with the government in a similar case, according to a filing in Texas federal court.
February 15, 2022
A Texas federal court should pause Valero Energy Corp.'s bid for a nearly $408 million refund based on fuel excise tax credits while a similar case is considered by the Fifth Circuit, both Valero and the federal government said Tuesday.
January 26, 2022
Valero Energy Corp. requested a jury trial on its claim that it overpaid federal taxes by $407.6 million by failing to receive credits for an alcohol fuel and biodiesel fuel mixture subsidy, according to court documents.
September 28, 2021
Valero Energy Corp. told a Texas federal court it should recover $407.6 million in overpaid taxes from the IRS since the company qualified for an alcohol fuel and biodiesel mixture subsidy, according to a complaint filed Tuesday.