Wyoming2010Enacted

SF0056

Fuel Tax Security Options

Last scannedOct 19, 2026, 2:19 AM

In one sentence

This law allows fuel business licensees to use a certificate of deposit instead of a bond to secure their tax obligations.

What it does

Allows licensees to post a certificate of deposit instead of a surety or cash bond.
Requires the certificate of deposit to be issued by a financial institution authorized to do business in Wyoming and qualified to act as a depository of public funds.
Limits the certificate of deposit to a term of no more than one year.
Gives the state department a first priority security interest in the certificate of deposit.
States that any interest earned on the certificate of deposit belongs to the licensee.
Specifies that failure to post the required bond or certificate of deposit results in license denial.

Who it affects

Suppliers, refiners, distributors, terminal operators, importers, and exporters of gasoline.
The state department responsible for licensing and tax collection.
Financial institutions authorized to act as depositories of public funds in Wyoming.

Limits and unknowns

The law does not specify the exact dollar amount required for the certificate of deposit.
The source does not detail the specific process for the state to seize the funds if taxes are unpaid.

Plain language

Terms to know

Certificate of Deposit: A financial instrument issued by a bank that can be used to secure a debt or obligation.
Security Interest: A legal right that allows a creditor to take possession of property if the debtor fails to pay.
Licensee: A person or business that holds a license to conduct specific activities, such as selling fuel.

Official record

Sources

Source checked

Official bill page Introduced text Official digest Official summary Current bill text

Read the official summary

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

Why lawmakers voted

Last checked Aug 8, 11:50 PM

Saundra Meyer

S15

Voted Yes

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.

Public statementFloor statement at 52:55 Watch the statement

If a lawmaker is not listed, we couldn't find a published reason.

Wyoming roll calls

Recorded votes

5 roll calls

H Passed 3rd Reading 58-0-2-0-02010-03-03 · House58 yes 0 no

Yes: 58
No: 0
Absent: 0
Excused: 2
Conflict: 0

Yes 58

Allen M JaggiH18 Amy L EdmondsH12 Bernadine CraftH17 Bill ThompsonH60 Bryan K PedersenH07 Catherine R ConnollyH13 Colin SimpsonH24 David R MillerH55 Debbie HammonsH27 Del McOmieH54 Dn.Edward BuchananH04 Elaine HarveyH26 Frank D PeasleyH03 George BagbyH15 Glenn W MonizH46 Gregory R BlikreH53 Jack D Landon Jr.H30 James A RoscoeH22 James W ByrdH44 John D Bonner Jr.H25 John W PattonH29 Joseph M BarbutoH48 Kathleen DavisonH20 Keith M GingeryH23 Ken A EsquibelH41 Kermit C BrownH14 Lisa A SheppersonH58 Lori A MillinH08 Lorraine K QuarbergH28 Mark SemlekH01 Mary A ThroneH11 Mary W HalesH36 Matt TeetersH05 Michael A GilmoreH59 Michael K MaddenH40 Owen PetersenH19 Pat ChildersH50 Pete JorgensenH16 Peter S IllowayH42 Richard L CannadyH06 Robert A BrechtelH38 Robert M McKimH21 Rodney "Pete" AndersonH10 Rosie M BergerH51 Ross DiercksH02 Roy CoheeH35 Seth A CarsonH45 Stanley L BlakeH39 Steve HarshmanR · H37 Sue E WallisH52 Terry L KimbleH49 Thomas A LockhartH57 Timothy M StubsonH56 Tom Lubnau IIH31 William "Jeb" StewardH47 W. Patrick P GogglesH33 Zwonitzer

Excused 2

Frank PhilpH34 Timothy P HallinanH32

H08 Recommended Do Pass 8-0-1-0-02010-02-24 · House8 yes 0 no

Yes: 8
No: 0
Absent: 0
Excused: 1
Conflict: 0

Yes 8

Michael A GilmoreH59 Michael K MaddenH40 Owen PetersenH19 Robert M McKimH21 Roy CoheeH35 Seth A CarsonH45 Stanley L BlakeH39 Zwonitzer

Excused 1

Timothy P HallinanH32

S Passed 3rd Reading 30-0-0-0-02010-02-18 · Senate30 yes 0 no

Yes: 30
No: 0
Absent: 0
Excused: 0
Conflict: 0

S08 Recommended Amend and Do Pass 5-0-0-0-02010-02-16 · Senate5 yes 0 no

Yes: 5
No: 0
Absent: 0
Excused: 0
Conflict: 0

Yes 5

Bill LandenR · S27 Dan DockstaderR · S16 Floyd EsquibelS08 Gerald E GeisS20 Michael J Mr. Von FlaternS24

S Introduced and Referred to S08 30-0-0-0-02010-02-10 · Senate30 yes 0 no

Yes: 30
No: 0
Absent: 0
Excused: 0
Conflict: 0

Official activity

Bill history

2010-03-08Assigned Chapter Number - 72LSO
2010-03-08Governor Signed SEA0032Governor
2010-03-04H Speaker Signed SEA No. 0032House
2010-03-04S President Signed SEA No. 0032Senate
2010-03-03Assigned Number SEA0032LSO
2010-03-03H Passed 3rd ReadingHouse
2010-03-02H Passed 2nd ReadingHouse
2010-03-01H Passed CoWHouse
2010-02-24H Placed on General FileHouse
2010-02-24H08 Recommended Do PassHouse
2010-02-19H Introduced and Referred to H08House
2010-02-19H Received for IntroductionHouse
2010-02-18S Passed 3rd ReadingSenate
2010-02-17S Passed 2nd ReadingSenate
2010-02-16S Passed CoWSenate
2010-02-16S Amendments AdoptedSenate
2010-02-16Amendment AdoptedSenate
2010-02-16S Placed on General FileSenate
2010-02-16S08 Recommended Amend and Do PassSenate
2010-02-10S Introduced and Referred to S08Senate

Changes

Amendments

1 stored

SF0056SS001

Adopted Standing Committee by VON FLATER