Plain language
Terms to know
- Participating investor
- An insurer with a tax liability under state law (W.S. 26-4-103) that invests in a certified small business investment company.
- Qualified business
- A business that is independently owned, headquartered in Wyoming, has 100 or fewer employees, and is not primarily engaged in banking, insurance, gambling, or professional services like law or medicine.
- Designated capital
- Money invested by a participating investor that fully funds the purchase price of a qualified debt instrument issued by the investment company.
- Premium tax credit
- A reduction in the state premium tax that an insurance company owes, based on their investment in the program.
Public statements
Why lawmakers voted
Last checked Aug 8, 2:05 AM
Why they voted this way
The lawmaker opposes the bill because it uses tax revenue for private investment rather than operating government, arguing that if a tax is not needed it should be eliminated and criticizing the lack of transparency in how funds are spent.
Why they voted this way
The lawmaker opposes the bill due to concerns about losing tax revenue needed for future budgets given declining natural gas prices and questioning whether businesses need special incentives if they are viable.
Why they voted this way
The lawmaker opposes the bill because it violates constitutional prohibitions against state donations to private corporations and argues that government should not compete with private credit markets.
Why they voted this way
The lawmaker opposes the bill because it borrows against future revenues instead of paying for programs with current funds, arguing that a good program should be paid for immediately.
Why they voted this way
The lawmaker supports the bill to diversify the economy and reduce dependence on the declining mineral industry, arguing that future economic growth will offset revenue losses.