Ethanol credit-recoupment.

WORKING DRAFT
2011
STATE OF
WYOMING
11LSO-0593

HOUSE BILL
NO.
HB0261

Ethanol credit-recoupment.

Sponsored by:
Representative(s) Madden, Blikre,
Campbell
, Goggles, McOmie, Miller, Petersen and Zwonitzer, Dv.

A BILL

for

AN ACT relating to department of transportation; creating an ethanol tax credit recoupment program; providing for recoupment of fuel taxes lost due to statutorily designated ethanol tax credits; providing an appropriation; providing for reports; and providing for an effective date.

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

Section 1.

W.S. 24
‑
2
‑
116 is created to read:

24
‑
2
‑
116
.

Ethanol tax credit
recoupment program.

(a)

Not later than
July
31, 20
11
, and not later than
July
31 of each subsequent year thereafter, the
department
shall prepare and certify a report of
tax credits granted under W.S. 39
‑
17
‑
109(d)(i)
.

(b)

The department shall submit to the state auditor the report created under subsection (a) of this section with a payment request for the
dollar amount of tax credits granted under W.S. 39
‑
17
‑
109(d)(i) which otherwise would have been
collected
for the previous year
.

(c)

Upon receipt of the report and payment request, the state auditor shall transfer to the
state treasurer
the amount claimed on the payment request from funds appropriated for this program to the extent available
to be distributed by the treasurer in the manner provided in W.S. 39
‑
17
‑
111(d).

(d)

The
department
shall prepare a biennial budget request prior to each budget session of the legislature for the purpose of funding the
ethanol tax credit
recoupment program and shall submit the request to the governor pursuant to W.S. 9
‑
2
‑
1010 through 9
‑
2
‑
1013.

Section 2.

There is appropriated to the state auditor
two
million
two
hundred
fifty
thousand dollars ($
2
,
25
0,000.00) from the general fund for the period beginning July 1, 2011 and ending June 30, 2012. Funds appropriated under this section shall only be expended for the purpose of funding the ethanol tax credit recoupment program and shall not be expended for any other purpose.

Section 3.

This act is effective July 1, 20
11
.

(END)

1
HB0261