WASHINGTON -- The Supreme Court yesterday let stand a Texas Supreme Court ruling that allows Nueces County, Tex., to tax imported crude oil while it is in transit to a refinery.

The Texas ruling could open the door to a potentially vast new revenue source for localities through which imported or exported goods are shipped, attorneys say.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.