Electrical transmission, generation & taxation review.

WORKING DRAFT
2007
STATE OF
WYOMING
07LSO-0452

SENATE FILE
NO.
SF0138

Electrical transmission, generation & taxation review.

Sponsored by:
Senator(s) Mockler and Decaria

A BILL

for

AN ACT relating to
electrical transmission; providing for a study of the electrical industry in this state as specified; requiring a report; providing an appropriation;
and providing for an effective date.

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

Section 1.

(a)

The department of revenue shall contract for an independent study of the electrical industry in this state and the surrounding region. The study shall:

(i)

Review the current electrical production capacity in this state and the projected needs for future interstate and intrastate electrical generation transmission;

(ii)

Review the volume of in-state and interstate use of electricity and the generation capacity of electricity in this state in light of the amount of electricity that is exported from this state;

(iii)

Review the economic impacts of:

(A)

The
number
of jobs that are generated by the construction of electrical generation facilities in this state during and after construction;

(B)

The amount of ad valorem property taxes paid by electrical generation companies and the entire electrical generation industry in this state;

(C)

The amount of taxes paid regionally and the amount of taxes received by this state;

(D)

The potential impact of an electrical generation tax.

(iv)

Review the possibility of new development and the impacts of that development on land, air and water quality;

(v)

Review the potential impact that eminent domain may have on electrical generation facility development including land currently acquired by eminent domain and the potential land to be acquired for new electrical generation;

(vi)

An analysis of value added return on new electrical transmission in light of the potential exportation of electricity from this state.

(b)

The department of revenue shall provide any necessary administrative support
for the study required by subsection (a) of this section.

(c)

Following completion of the study, a report shall be submitted to the joint minerals, business and economic development and the
joint
revenue interim committees not later than December 1, 2007.

Section 2.
There is appropriated
from the general fund for the period beginning with the effective date of this act
two hundred fifty thousand dollars ($250,000.00) to the department of revenue for the purposes of this act. Any unexpended funds remaining on June 30, 2008
,
shall revert to the general fund.

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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SF0138