Doc Smith Email & Phone Number

Georgetown, Texas, United States

Childress, Texas, United States

Childress Texas

In coordination with the Childress County Commissioners and the Childress City Council recent economic development projects include the $1.4 Billion Iris Energy data center, the $450 Million Greenalia Misae II solar farm, an expansion of the Clarendon College-Childress campus, a redevelopment project creating a new CMDD office building, a hospital expansion project, a proposed new veterans clinic, a new apartment project, new Starbucks and H Tea O stores, the expansion of our Mashburn Center and Rodeo Arena facility in addition to funding numerous community development projects. Several additional proposed projects have acquired land or buildings and are moving forward with due diligence.

Houston, Texas Area

Houston, Texas Area

Directed teams responsible for state and local taxes in all states and the District of Columbia including all indirect taxes and the related tax jurisdiction audits for more than 700 operating locations. This included the timely and accurate preparation, review and filing of tax returns for sales and use tax, property tax rendition, appeal and payment processes, franchise tax, state and local annual business licensing, setting up the appropriate tax reserves under FAS 5, and FIN 48, response to state and local tax authorities inquiries and tax audit requests utilizing in-house personnel or outside vendors, as necessary.During the first quarter of 2009, led a team to locate and return to Cemex dormant "tax related" cash. Initiative deposited in excess of $53 million in the Cemex bank account. As part of this initiative, negotiated from the State of California a check in excess of $24 million at a time when California was issuing IOU's and not cash.An architect of a 2007 and 2009 U.S. legal entity restructuring project necessitated by the $14 Billion Rinker Materials Corp acquisition. This project reduced the state income and franchise tax by several million dollars per year while reducing the indirect tax monthly tax compliance filings by 60%. This initiative also allowed for the centralization of the sales tax, property tax and business license functions.Actively involved in multiple pre-acquisition due diligence assignments, potential asset swap negotiations, sale of excess Cemex / Rinker assets and the acquisition of the Ready Mix USA joint venture interest.Negotiated a sales tax revenue sharing program with two cities in California generating $2 million per year in cash flow.Received a Texas Enterprise Project designation from the Texas governor's office on a cement plant expansion returning over $1 million in sales tax to Cemex.Consistently reduced state and local income and indirect tax audit assessments by double digit percentages.

Houston, Texas Area

Directed the efforts of eleven personnel as head of the tax department for US Operations responsible for timely and accurate preparation, review and filing of all federal and state income and indirect tax returns, FAS 5, FAS 109 and FIN 48 accruals while meeting all SOX requirements.Served as the lead U.S. tax person designing a 2005 federal and state legal entity restructuring project resulting from the March 2005 purchase of the worldwide RMC PLC group of companies. This U.S. restructuring eliminated a complicated system of intercompany charges, allowed for the use of an efficient transfer pricing methodology while reducing indirect tax monthly filings by 75%.Effectively represented Cemex in all federal state and local tax audits. Peers inside and outside the company have commented on my unique ability to resolve complex tax audits. An example would be an Arizona sales tax audit with a preliminary assessment in excess of $27 million that I settled for $295,000 representing a 99% reduction.

Houston, Texas Area

Served as head of the U.S. tax department directing six tax professionals responsible for all U.S. tax compliance, tax research and planning, tax accruals and related transactions and all tax audits. U.S. sales of approximately $1.5 billion and assets of approximately $2 Billion consisting of LLC's, general partnerships, limited partnerships and corporations filing in 27 states.Worked in a key role on the due diligence and post merger integration teams for the $1 Billion purchase of Medusa Cement Company and the $2.8 Billion sale of Southdown, Inc. to Cemex.Developed and implemented a state income tax restructuring project in 1998 to tax effectively streamline the combined Southdown and Medusa operations.Drove the change of the Kentucky mineral severance tax law in 2000 to tax an integrated limestone miner / cement manufacturer at very favorable rates, settling a long standing audit in addition to saving the company millions since the law change.

Houston, Texas Area

Houston, Texas Area