A petroleum company wants nearly $2 million in taxes back from Colorado

Occidental Petroleum went to the Colorado Supreme Court to ask for its tax money back after it was denied by the Colorado Court of Appeals.

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Occidental Petroleum went to the Colorado Supreme Court to ask for its tax money back after it was denied by the Colorado Court of Appeals.

CPR reports that the company is asking for almost $2 million in overpaid taxes, which would be taken back from Mesa County, a school district and other local governments. Mesa County could be forced to return $400,000 and an additional $150,000 or so in interest.

According to the Grand Junction Daily Sentinel, the school district stands to lose $272,000 for 2011 and a similar amount for 2012, Randall said. The Plateau Valley School District could owe around $500,000, the Plateau Valley Fire Department could owe $106,512 and the hospital district would have to pay $149,275.

The Sentinel also reports that Occidental was once Mesa County’s biggest tax payer.