Mineral tax-audit interest rate.
In one sentence
Not clearly identified in the stored source.
No additional limitations are listed.
Official record
Bill No.: <billno> Drafter: <drafterinit> Bill No.: HB0022 Drafter: MQ LSO No.: 14LSO-0068 Effective Date: 7/1/2014 Enrolled Act No.: HEA0039 Chapter No.: CH0068 Prime Sponsor: Joint Revenue Interim Committee Catch Title: Mineral tax-audit interest rate. Subject: The bill amends the interest rate for delinquent mineral taxes (severance and property) as a result of mineral audits performed and clarifies the time period for mineral tax audits. Summary/Major Elements: Specifies that in calculating interest due on ad valorem (property) taxes on mineral production resulting from an audit, taxpayer is first entitled to an offsetting credit for any taxes paid; County board of commissioners is bound by any decision made by the department of revenue in the course of an audit of mineral taxes concerning the time period in which interest on delinquent taxes accrues; Adds ad valorem (property) taxes to the same process under which severance taxes are audited (interest rate and time periods); Bill amends all mineral tax provisions in the exact same manner; Specifies that the new law only applies to mineral audits commenced after the effective date of the act.
Public statements
Last checked Aug 7, 6:24 PM
Why they voted this way
The lawmaker explains that the amendment clarifies a calculation error in the bill by ensuring net deficiency amounts are computed separately for each taxing jurisdiction, which aligns with existing practices of county treasurers.
If a lawmaker is not listed, we couldn't find a published reason.
Wyoming roll calls
6 roll calls
Official activity
Changes
5 stored
Withdrawn 2nd reading by GINGERY
Adopted 2nd reading by GINGERY
Adopted 3rd reading by MADDEN
Withdrawn 3rd reading by BARNARD
Adopted Standing Committee by PETERSON