Fuel tax bonds.
In one sentence
Not clearly identified in the stored source.
No additional limitations are listed.
Official record
Bill No.: <billno> Drafter: <drafterinit> Bill No.: SF0056 Drafter: DKG LSO No.: 10LSO-0106 Effective Date: 7/1/2010 Enrolled Act No.: SEA0032 Chapter No.: Prime Sponsor: Senator Meier Catch Title: Fuel tax bonds. Subject: Alternative means of securing tax liability of fuel suppliers, distributors and other licensees. Summary/Major Elements: Under current law, every supplier, refiner, distributor, terminal operator, importer or exporter of gasoline is required to obtain a license to conduct business in the state. The licensee is also required to post a bond to secure payment of taxes owed by the licensee. This bill allows the licensee to post a certificate of deposit (with the interest payable to the licensee) instead of a bond. The bill specifies the conditions for posting a certificate of deposit.
Public statements
Last checked Aug 8, 11:50 PM
Why they voted this way
The lawmaker argues the bill is business-friendly by allowing a certificate of deposit instead of a bond for fuel tax obligations, ensuring interest accrues to the licensee while guaranteeing government payment.
If a lawmaker is not listed, we couldn't find a published reason.
Wyoming roll calls
5 roll calls
Official activity
Changes
1 stored
Adopted Standing Committee by VON FLATER