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HB0068 • 2012

Severance tax distributions.

AN ACT relating to severance tax distributions; modifying severance taxes distributed under an existing statutory formula; and providing for an effective date.

Taxes
Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor
Representative Steward
Last action
2012-02-15
Official status
inactive
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2012-02-15 House

    H Failed Introduction

  2. 2012-02-14 House

    H Received for Introduction

  3. 2012-02-13 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
WORKING DRAFT

ORIGINAL HOUSE
BILL

NO.
0068

ENROLLED ACT NO. , HOUSE OF REPRESENTATIVES

SIXTY-FIRST LEGISLATURE OF THE STATE OF WYOMING
2012 BUDGET SESSION

AN ACT relating to severance tax distributions;
modifying
severance taxes distributed under an existing statutory 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) 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)

two
hundred million dollars ($
200
,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:

Section 2.
This act is effective July 1, 201
2
.

(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