HB0049 • 2010

Manufacturing sales & use tax exemption.

AN ACT relating to taxation and revenue; extending sales and use tax exemption for manufacturing equipment as specified; repealing outdated provisions; and providing for an effective date.

Taxes

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Representative Madden
Last action: 2010-03-04
Official status: enrolled
Effective date: 3/4/2010

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.

HB0049H3001

3rd reading • LANDON

Withdrawn

Plain English: Withdrawn 3rd reading by LANDON

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.

HB0049HW001

Committee of the Whole • CONNOLLY

Failed

Plain English: Failed Committee of the Whole by CONNOLLY

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

2010-03-04 LSO
Assigned Chapter Number - 33
2010-03-04 Governor
Governor Signed HEA0014
2010-03-02 Senate
S President Signed HEA No. 0014
2010-03-01 House
H Speaker Signed HEA No. 0014
2010-02-26 LSO
Assigned Number HEA0014
2010-02-26 Senate
S Passed 3rd Reading
2010-02-25 Senate
S Passed 2nd Reading
2010-02-24 Senate
S Passed CoW
2010-02-24 Senate
S Placed on General File
2010-02-24 Senate
S03 Recommended Do Pass
2010-02-17 Senate
S Introduced and Referred to S03
2010-02-17 Senate
S Received for Introduction
2010-02-17 House
H Passed 3rd Reading
2010-02-16 House
H Passed 2nd Reading
2010-02-15 House
H Passed CoW
2010-02-15 House
Amendment Failed
2010-02-12 House
H Placed on General File
2010-02-12 House
H03 Recommended Do Pass
2010-02-09 House
H Introduced and Referred to H03
2010-02-08 House
H Received for Introduction
2010-01-26 LSO
Bill Number Assigned

Official Summary Text

Bill No.: <billno> Drafter: <drafterinit>

Bill No.:
HB0049
Drafter:

MQ

LSO No.:
10LSO-0218
Effective Date:

3/4/2010

Enrolled Act No.:
HEA0014

Chapter No.:
33

Prime Sponsor:
Representative
Madden

Catch Title:
Manufacturing
sales & use tax exemption.

Subject:
Extends the sales/use tax exemption for
manufacturing equipment.

Summary/Major Elements:

Current sales/use tax
exemption granted for the sale or lease of machinery used in manufacturing
tangible personal property will expire on December 31, 2010.

Bill extends the expiration
date 1 year to December 31, 2011.

Current Bill Text

Read the full stored bill text

WORKING DRAFT

ORIGINAL HOUSE

BILL

NO.
0049

ENROLLED ACT NO. 14, HOUSE OF REPRESENTATIVES

SIXTIETH LEGISLATURE OF THE STATE OF
WYOMING
2010 BUDGET SESSION

AN ACT relating to
taxation and revenue; extending sales and use tax exemption for manufacturing equipment as specified; repealing outdated provisions;
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)(O)
(intro), (I) and (II)
and 39
‑
16
‑
105(a)(viii)(D)
(intro), (I) and (II)
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:

(O)

Until December 31,
2010

2011
, the sale or lease of machinery to be used in this state directly and predominantly in manufacturing tangible personal property, if the sale or lease:

(I)

Is to a manufacturer classified by the department under the NAICS code manufacturing sector 31

-

33;

and

(II)

Does not include noncapitalized machinery except machinery expensed in accordance with section 179 of the Internal Revenue Code
.
; and

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:

(D)

Until December 31,
2010

2011
, the purchase or lease of machinery to be used in this state directly and predominantly in manufacturing tangible personal property, if the sale or lease:

(I)

Is to a manufacturer classified by the department under the NAICS code manufacturing sector 31

-

33;

and

(II)

Does not include noncapitalized machinery except machinery expensed in accordance with section 179 of the Internal Revenue Code
.
; and

Section 2.

W.S. 39
‑
15
‑
105(a)(viii)(O)(III) and 39
‑
16
‑
105(a)(viii)(D)(III) are repealed.

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)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the House.

Chief Clerk

1