Coal impact tax.

WORKING DRAFT
2007
STATE OF
WYOMING
07LSO-0432

HOUSE BILL
NO.
HB0310

Coal impact tax.

Sponsored by:
Representative(s) Esquibel, K., Gilmore, Thompson and Zwonitzer, Dv. and Senator(s) Hastert

A BILL

for

AN ACT relating to
taxation and revenue; increasing the severance tax on coal as specified;
providing an exemption;
providing conforming amendments;
and providing for an effective date.

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

Section 1.
W.S. 39
‑
14
‑
104
(a)(intro), (vi) and by creating a new paragraph (vii)
, 39
‑
14
‑
105 by creating a new subsection (e)
and 39
‑
14
‑
111(a) are amended to read:

39
‑
14
‑
104.

Tax rate.

(a)

Except as otherwise provided by W.S. 39
‑
14
‑
105, the total severance tax rate for surface coal shall be
seven percent (7%)

eight percent (8%)
. This rate comprises one and one-half percent (1.5%) imposed by
Wyoming
constitution article 15, section 19, and
five and one-half percent (5.5%)

six and one-half percent (6.5%)
imposed statutorily. The tax shall be distributed as provided in W.S. 39
‑
14
‑
111 and is imposed as follows:

(vi)

One-half percent (.5%)
;
.

plus

(vii)

One percent (1%).

39
‑
14
‑
105.

Exemptions.

(e)

Notwithstanding W.S. 39
‑
14
‑
104(a), the tax imposed pursuant to
W.S.
39
‑
14
‑
104(a)(vii) shall not be assessed against any producer whose total annual coal production does not exceed ten million
(10,000,000)
tons.

39
‑
14
‑
111.

Distribution.

(a)

As provided by W.S. 39
‑
14
‑
104(a), the total severance tax rate for surface coal shall be
seven percent (7%)

eight percent (8%)
. As provided by W.S. 39
‑
14
‑
104(b), the total severance tax rate for underground coal shall be three and three-quarters percent (3.75%). A one and one-half percent (1.5%) tax imposed by W.S. 39
‑
14
‑
104(a)(i) and a one and one-half percent (1.5%) tax imposed by W.S. 39
‑
14
‑
104(b)(i) shall be deposited into the permanent
Wyoming
mineral trust fund. All other taxes imposed by W.S. 39
‑
14
‑
104(a) and (b) shall be deposited into the severance tax distribution account.

Section 2.
This act is effective July 1, 2007.

(END)

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HB0310