Clean coal technology.

WORKING DRAFT
2007
STATE OF WYOMING
07LSO-0169.E1

HOUSE BILL
NO.
HB0169

Clean coal technology.

Sponsored by:
Joint Minerals, Business and Economic Development Interim Committee

A BILL

for

AN ACT relating to taxation and revenue; creating a sales and use tax exemption for clean coal technology; providing for annual reports; providing for a sunset; and providing for an effective date.

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

Section 1.

W.S. 39
‑
15
‑
105(a)(viii) by creating a new subparagraph (S) and 39
‑
16
‑
105(a)(viii) by creating a new subparagraph (H) are amended to read:

39
‑
15
‑
105.

Exemptions.

(a)

The following sales or leases are exempt from the excise tax imposed by this article:

(viii)

For the purpose of exempting sales of services and tangible personal property as an economic incentive, the following are exempt:

(S)

The sale of equipment used to construct clean coal technology, including those leading edge technologies, in development but not currently used in this state as of March 1, 2007, or a commercial product whose deployment in a coal combustion plant would allow for the significant reduction of mercury, carbon dioxide and criteria pollutants. As used in this subparagraph, "significant reduction" means the equipment shall advance the environmental and efficiency performance beyond the level of technologies that are in commercial service at that facility. The exemption provided by this subparagraph shall be limited to the acquisition of equipment used in a construction project to make it operational. The exemption shall not apply to tools and other equipment used in construction of a new facility, contracted services required for construction, or routine maintenance activities. This subparagraph is repealed effective June 30, 2015.

39
‑
16
‑
105.

Exemptions.

(a)

The following purchases or leases are exempt from the excise tax imposed by this article:

(viii)

For the purpose of exempting sales of services and tangible personal property as an economic incentive, the following are exempt:

(H)

The purchase of equipment used to construct clean coal technology, including those leading edge technologies, in development but not currently used in this state as of March 1, 2007, or a commercial product whose deployment in a coal combustion plant would allow for the significant reduction of mercury, carbon dioxide and criteria pollutants. As used in this subparagraph, "significant reduction" means the equipment shall advance the environmental and efficiency performance beyond the level of technologies that are in commercial service at that facility. The exemption provided by this subparagraph shall be limited to the acquisition of equipment used in a construction project to make it operational. The exemption shall not apply to tools and other equipment used in construction of a new facility, contracted services required for construction, or routine maintenance activities. This subparagraph is repealed effective June 30, 2015.

Section 2.

(a)

The Wyoming business council and the department of revenue shall jointly report on or before November 1 of each year to the joint minerals, business and economic development interim committee. The report shall evaluate the cumulative effects of the exemption under this act from initiation of the exemption and shall include:

(i)

A history of employment in the clean coal technology industry in terms of numbers o
f employees, full-time and part-time employees and rate of turnover;

(ii)

A history of wages and benefits disaggregated by gender for each job category; and

(iii)

A history of taxes paid or owed to the state of Wyoming by companies in the clean coal technology industry.

Section 3.

This act is effective immediately upon co
m
pletion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constit
u
tion.

(END)

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HB0169