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SF0067 • 2005

Specific purpose tax-collections.

AN ACT relating to taxation and revenue; providing for the collection of the specific purpose excise tax as specified; providing for the minimization of excess tax collections as specified; providing for applicability; and providing for an effective date.

Taxes
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Senator Case
Last action
2005-02-24
Official status
enrolled
Effective date
7/1/2005

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

SF0067HW001

Committee of the Whole • ANDERSON,R

Adopted

Plain English: Adopted Committee of the Whole by ANDERSON,R

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
SF0067S3001

3rd reading • LARSON

Adopted

Plain English: Adopted 3rd reading by LARSON

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.
SF0067SS001

Standing Committee • PECK

Adopted

Plain English: Adopted Standing Committee by PECK

  • This amendment summary is using official source text because generated interpretation was skipped for this run.
  • The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

Bill History

  1. 2005-02-24 LSO

    Assigned Chapter Number - 94

  2. 2005-02-24 Governor

    Governor Signed SEA0035

  3. 2005-02-22 House

    H Speaker Signed SEA No. 0035

  4. 2005-02-18 Senate

    S President Signed SEA No. 0035

  5. 2005-02-16 LSO

    Assigned Number SEA0035

  6. 2005-02-16 Senate

    S Did Concur

  7. 2005-02-16 House

    H Passed 3rd Reading

  8. 2005-02-15 House

    H Passed 2nd Reading

  9. 2005-02-14 House

    H Passed CoW

  10. 2005-02-14 House

    Amendment Adopted

  11. 2005-02-14 House

    H Amendments Adopted

  12. 2005-02-11 House

    H Placed on General File

  13. 2005-02-11 House

    H03 Recommended Do Pass

  14. 2005-02-04 House

    H Introduced and Referred to H03

  15. 2005-01-20 House

    H Received for Introduction

  16. 2005-01-18 Senate

    S Passed 3rd Reading

  17. 2005-01-18 Senate

    Amendment Adopted

  18. 2005-01-17 Senate

    S Passed 2nd Reading

  19. 2005-01-14 Senate

    S Passed CoW

  20. 2005-01-14 Senate

    Amendment Adopted

  21. 2005-01-14 Senate

    S Amendments Adopted

  22. 2005-01-14 Senate

    S Placed on General File

  23. 2005-01-14 Senate

    S03 Recommended Amend and Do Pass

  24. 2005-01-11 Senate

    S Introduced and Referred to S03

  25. 2005-01-10 Senate

    S Received for Introduction

  26. 2005-01-05 LSO

    Bill Number Assigned

Official Summary Text

2005 General Session Summary for SF0067

Bill
No.:
SF0067
Drafter:

MQ

LSO
No.:
05LSO-0249
Effective Date:

7/1/2005

Enrolled
Act No.:
SEA0035

Chapter
No.:
94

Prime
Sponsor:
Senator Case

Catch
Title:
Specific purpose tax-collections.

Subject:
Provides
for the minimization of excess tax collections under the specific purpose
excise tax.

Summary/Major
Elements:

Under current law, a county may impose an optional sales/use excise tax
for a specific amount to be used for a specific purpose (old reference was the
capital facilities tax).

This law requires a county treasurer to consult with the department of
revenue to estimate the point in time in which to terminate the tax to minimize
excess collection.

The county treasurer is to make his best effort to ensure that sufficient
money is collected while minimizing excess collection.

Current Bill Text

Read the full stored bill text 
WORKING DRAFT

ORIGINAL SENATE

FILE

NO.
0067

ENROLLED ACT NO. 35, SENATE

FIFTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
2005 GENERAL SESSION

AN ACT relating to taxation and revenue; providing for the collection of the specific purpose excise tax as specified; providing for the minimization of excess tax collections as specified; providing for applicability; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.
W.S. 39
‑
15
‑
203(a)(iii)(E) and 39
‑
16
‑
203(a)(ii)(E) are amended to read:

39
‑
15
‑
203.

Imposition.

(a)

Taxable event. The following shall apply:

(iii)

The following provisions apply to imposition of the specific purpose excise tax under W.S. 39
‑
15
‑
204(a)(iii):

(E)

Upon certification of the election results by the county clerk to the treasurer, the county treasurer shall, within ten (10) days, notify the department of revenue of the requirement for imposition of any tax under this subsection and shall, upon the
receipt
estimated collection
of all tax funds in the amount approved, notify the department of revenue that the special sales tax levy is terminated.
When determining the point in time in which to terminate the tax, the county treasurer in consultation with the department shall estimate future receipts of tax collections to minimize excess collection. The county treasurer shall make his best effort to ensure that sufficient money is collected while minimizing any excess collection. In no event shall the action or inaction of the county treasurer or the department be deemed to prohibit the collection of the full amount of the tax approved by the voters.
The department of revenue shall, upon notification, inform all holders of sales tax licenses within the county of the requirement for the collection and payment of the additional tax. After receipt of notice that the amount has been collected or that the sponsoring entities have terminated the tax pursuant to subparagraph (G) of this paragraph, the department shall notify the license holders of the termination of the tax;

39
‑
16
‑
203.

Imposition.

(a)

Taxable event. The following shall apply:

(ii)

The following provisions apply to imposition of the specific purpose excise tax under W.S. 39
‑
16
‑
204(a)(ii):

(E)

Upon certification of the election results by the county clerk to the treasurer, the county treasurer shall, within ten (10) days, notify the department of revenue of the requirement for imposition of any tax under this subsection and shall, upon the
receipt
estimated collection
of all tax funds in the amount approved, notify the department of revenue that the special sales tax levy is terminated.
When determining the point in time in which to terminate the tax, the county treasurer in consultation with the department shall estimate future receipts of tax collections to minimize excess collection. The county treasurer shall make his best effort to ensure that sufficient money is collected while minimizing any excess collection. In no event shall the action or inaction of the county treasurer or the department be deemed to prohibit the collection of the full amount of the tax approved by the voters.
The department of revenue shall, upon notification, inform all holders of sales and use tax licenses within the county of the requirement for the collection and payment of the additional tax. After receipt of notice that the amount has been collected or that the sponsoring entities have terminated the tax pursuant to subparagraph (G) of this paragraph, the department shall notify the license holders of the termination of the tax;

Section 2.
This act shall apply to any tax imposed under W.S. 39
‑
15
‑
203(a)(iii) and 39
‑
16
‑
203(a)(ii) on or after the effective date of this act.

Section 3.
This act is effective July 1, 2005.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the Senate.

Chief Clerk

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