Coal value added facilities-tax exemptions.

WORKING DRAFT
2010
STATE OF
WYOMING
10LSO-0174

SENATE FILE

NO.
SF0021

Coal value added facilities-tax exemptions.

Sponsored by:
Joint Minerals, Business and Economic Development Interim Committee

A BILL

for

AN ACT relating to
taxation and revenue; amending a sales and use tax exemption to
apply to
oxy-combustion and advanced coal facilities;
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)(R) and 39
‑
16
‑
105(a)(viii)(G) 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:

(R)

The sale of equipment used to construct a new coal gasification
,

or
coal liquefaction
, oxy-combustion or similar
advanced coal
facility. The exemption provided by this subparagraph shall be limited to the acquisition of equipment used in a project to make it operational. The exemption shall not apply to tools and other equipment used in construction of a new facility, contracted services required for construction and routine maintenance activities nor to equipment utilized or acquired after the facility is operational.

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:

(G)

The purchase of equipment used to construct a new coal gasification
,

or
coal liquefaction
, oxy-combustion or similar
advanced coal
facility. The exemption provided by this subparagraph shall be limited to the acquisition of equipment used in a project to make it operational. The exemption shall not apply to tools and other equipment used in construction of a new facility, contracted services required for construction and routine maintenance activities nor to equipment utilized or acquired after the facility is operational.

Section 2.

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)

1
SF0021