Permanent Wyoming mineral trust fund deposits.

WORKING DRAFT
2006
STATE OF
WYOMING
06LSO-0353

HOUSE BILL
NO.
HB0166

Permanent
Wyoming
mineral trust fund deposits.

Sponsored by:
Representative(s) Harshman, Cohee, Luthi and Pedersen and Senator(s) Nicholas and Peck

A BILL

for

AN ACT relating to taxation and revenue;
modifying distribution of severance taxes and
providing for additional deposits of severance taxes to the permanent Wyoming mineral trust fund as specified; and providing for an effective date.

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

Section 1.
W.S. 39
‑
14
‑
801(d)(intro) and by creating a new subsection (f) is amended to read:

39
‑
14
‑
801.

Severance tax distributions; distribution account created; formula.

(d)

After making distributions under subsections (b) and (c) of this section, distributions under subsection (e) of this section shall be made from the severance tax distribution account. The amount of distributions under subsection (e) of this section shall not exceed one hundred fifty-five million dollars ($155,000,000.00) in any fiscal year. To the extent that distributions under subsection (e) of this section would exceed that amount in any fiscal year,
two hundred twenty-five
million dollars ($
225
,000,000.00) of

the e
xcess shall be credited
in each fiscal year
:

(f)

After
making
all other
distributions under
this
section
for the fiscal year
,
all remaining amounts in the
severance tax distribution account
shall be deposited to the permanent
Wyoming
mineral trust fund.

Section 2.
This act is effective July 1, 2006.

(END)

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HB0166