Property & sales/use tax exemptions-repeal.

WORKING DRAFT
2009
STATE OF
WYOMING
09LSO-0659

HOUSE BILL
NO.
HB0315

Property &

sales/use tax exemptions-repeal.

Sponsored by:
Representative(s) Harshman, Goggles, Madden, Miller, Petersen and Wallis and Senator(s) Perkins

A BILL

for

AN ACT relating to
taxation and revenue; repealing certain property and sales and use tax exemptions as specified;
requiring reports;
and providing for an effective date.

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

Section 1.

Subject to section 2 of this act,
W.S. 39
‑
11
‑
105
(a)(ix) through (xii), (xv) through (xxiv), (xxvi), (xxvii), (xxix), (xxxi) through (xxxiii), (xxxv), (xxxvii) and (b)
, 39
‑
15
‑
105
(a)(iii), (iv)(G) and (H), (vi) through (ix) and (b)
and 39
‑
16
‑
105
(a)(iii)(E)
,
(F), (vi) through (viii), (x) and (b)
are
repealed
effective January 1, 201
7
.

Section 2.

(a)

The joint revenue interim committee shall submit a report to the governor and legislature by December 1, 2013, and again by December 1 of 201
6
, reviewing the tax exemptions which are to expire under the provisions of this act.
The department of revenue shall provide information as requested by the committee to complete its reports under this section.
The reports shall
:

(i)

I
ndicate the amount of revenue to be generated by the expiration of each exemption
;

(ii)

Recommend
a general reduction in taxation to offset the anticipated increase in revenue
resulting from the repeal of identified exemptions; and

(iii)

Recommend whether any of the exemptions scheduled for repeal should be reinstated.

Section 3
.

This act is e
ffective J
uly 1, 2009
.

(END)

1
HB0315