Severance tax distributions.

WORKING DRAFT
2011
STATE OF
WYOMING
11LSO-0176

HOUSE BILL
NO.
HB0084

Severance tax distributions.

Sponsored by:
Representative(s) Steward and Senator(s) Case and Cooper

A BILL

for

AN ACT relating to
severance tax distributions; increasing the
total
amount of severance taxes distributed under
an
existing statutory formula; reducing the state general fund portion of existing distribution and redistributing those monies to local governmental entities receiving funds under the existing formula;
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)(intro)
,
(e)(i)
,
(v)
(intro), (vi), (vii)(intro), (viii) and
(ix) 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)

one hundred seventy-five million dollars ($175,000,000.00)
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:

(e)

Deposits into the account created by subsection (a) of this section shall be distributed as follows, subject to subsections (b) through (d) of this section:

(i)

To the general fund,
sixty-two and twenty-six hundredths percent (62.26%)

fifty percent (50%)
;

(v)

To counties,
seventy-eight hundredths percent (0.78%)

one and three-tenths percent (
1.3%
)
, subject to the following formula:

(vi)

To counties,
three and one-tenth percent (3.1%)

five and seventeen hundredths percent (
5.17%
)
, each county to receive an amount in the proportion which the population of the county bears to total state population;

(vii)

To the road construction and maintenance funds of the various counties as provided by W.S. 24
‑
2
‑
110,
two and nine-tenths percent (2.9%)

four and eighty-four hundredths percent (
4.84%
)
, except that each county's share of funds under this subsection shall be computed as follows:

(viii)

To cities and towns,
nine and twenty-five hundredths percent (9.25%)

fifteen and forty-three hundredths percent (
15.43%
)
, each city or town to receive an amount in the proportion which the population of the city or town bears to the population of all cities and towns in
Wyoming
;

(ix)

To the capital construction account,
two and thirty-three hundredths percent (2.33%)

three and eighty-eight hundredths percent (
3.88%
)
, to be expended for the purposes specified in W.S. 9
‑
4
‑
604(k)(ii);

Section 2.
This act is effective July 1, 2011.

(END)

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HB0084