SF0077 • 2008

Severance tax distribution.

AN ACT relating to taxation and revenue; providing for the distribution of certain severance tax revenues as specified; providing applicability of the act; and providing for an effective date.

Taxes

Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor: Senator Hines
Last action: 2008-02-25
Official status: inactive
Effective date: Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

SF0077S2001

2nd reading • ANDERSON,J

Adopted

Plain English: Adopted 2nd reading by ANDERSON,J

This amendment summary is using official source text because generated interpretation was skipped for this run.
The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

SF0077SW001

Committee of the Whole • MEIER

Failed

Plain English: Failed Committee of the Whole by MEIER

This amendment summary is using official source text because generated interpretation was skipped for this run.
The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

SF0077SS001

Standing Committee • ANDERSON,J

Failed

Plain English: Failed Standing Committee by ANDERSON,J

This amendment summary is using official source text because generated interpretation was skipped for this run.
The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

Bill History

2008-02-25 Senate
S Failed 3rd 15-14-1; Failed Reconsider
2008-02-25 Senate
S Failed Reading
2008-02-22 Senate
S Passed 2nd Reading
2008-02-22 Senate
Amendment Adopted
2008-02-22 Senate
S Amendments Adopted
2008-02-21 Senate
S Passed CoW
2008-02-21 Senate
Amendment Failed
2008-02-21 Senate
Amendment Failed
2008-02-20 Senate
S Placed on General File
2008-02-20 Senate
S03 Recommended Do Pass
2008-02-14 Senate
S Introduced and Referred to S03
2008-02-13 Senate
S Received for Introduction
2008-02-11 LSO
Bill Number Assigned

Current Bill Text

Read the full stored bill text

WORKING DRAFT
2008
STATE OF
WYOMING
08LSO-0375

SENATE FILE
NO.
SF0077

Severance tax distribution.

Sponsored by:
Senator(s) Hines and Representative(s) Cohee

A BILL

for

AN ACT relating to
taxation and revenue; providing for the distribution of certain severance tax revenues as specified;

providing applicability of the act;
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)(ii)
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, the excess shall be credited:

(ii)

Two-thirds (2/3) to the budget reserve account
,
.

except for the period beginning July 1, 2008 and ending June 30, 2016, the revenue under this paragraph shall be distributed as follows:

(A)

One-third (1/3) to the general fund;

(B)

One-third (1/3) to the budget reserve account; and

(C)

One-third (1/3) to the highway fund
.

Section 2.
If this act is enacted into law, then any general fund appropriation contained in 2008 Senate File 0001, Section 2, Section 045 to the department of transportation for the purposes of road construction shall not be effective.

Section
3
.
This act is effective July 1, 2008.

(END)

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SF0077