Sales & use tax distribution.

WORKING DRAFT
2006
STATE OF
WYOMING
06LSO-0426

HOUSE BILL
NO.
HB0138

Sales & use tax distribution.

Sponsored by:
Representative(s) Reese, Cohee, Luthi, Martin, Simpson and Thompson and Senator(s) Decaria, Larson, Massie and Sessions

A BILL

for

AN ACT relating to taxation and revenue; providing for the distribution of sales and use taxes as specified; and providing for an effective date.

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

Section 1.

W.S. 39
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15
‑
111(b)(i), (f) and (g) and 39
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16
‑
111(b)(i) and (c) are amended to read:

39
‑
15
‑
111.

Distribution.

(b)

Revenues earned under W.S. 39
‑
15
‑
104 during each fiscal year shall be recognized as revenue during that fiscal year for accounting purposes. Revenue collected by the department under W.S. 39
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15
‑
104 shall be transferred to the state treasurer who shall:

(i)

Until June 30, 2004,
S
ubject to subsection (g) of this section, credit
seventy and one-half percent (70.5%) and thereafter sixty-nine percent (69%)
sixty-five percent (65%)
to the state general fund except as provided by subsections (c) and (d) of this section;

(f)

In addition to the distribution specified in subsection (b) of this section,
until June 30, 2004, twenty-nine and one-half percent (29.5%) and thereafter thirty-one percent (31%)
thirty-five percent (35%)

of sales taxes collected from out-of-state vendors shall be distributed to counties, cities and towns in the same percentage as determined in paragraph (b)(iii) of this section.

(g)

If the tax imposed under W.S. 39
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15
‑
104(b) is reduced to one-half of one percent (.5%) under W.S. 39
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15
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104(d), on and after September 1 of the year in which the reduction occurs, the distributions to the state general fund under paragraph (b)(i) of this section shall be reduced
until June 30, 2004, from seventy and one-half percent (70.5%) to sixty-eight and one-half percent (68.5%) and thereafter
from
sixty-nine percent (69%) to
sixty-five percent (65%)
to sixty percent (60%)
.

39
‑
16
‑
111.

Distribution.

(b)

Revenues earned under this article during each fiscal year shall be recognized as revenue during that fiscal year for accounting purposes. Revenue collected by the department from the taxes imposed by this article shall be transferred to the state treasurer who shall:

(i)

Until June 30, 2004,
S
ubject to subsection (g) of this section, credit
seventy and one-half percent (70.5%) and thereafter sixty-nine percent (69%)
sixty-five percent (65%)
to the general fund except as provided by subsections (d) and (e) of this section;

(c)

In addition to the distribution in subsection (b) of this section,
until June 30, 2004, twenty-nine and one-half percent (29.5%) and thereafter thirty-one percent (31%)

thirty-five percent (35%)
of use taxes accruing from out-of-state vendors shall be distributed to counties, cities and towns in the same percentage as determined in paragraph (b)(iii) of this section.

Section 2.

This act is effective July 1, 2006.

(END)

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HB0138