Railroad rolling stock tax exemption.

WORKING DRAFT
2014
STATE OF
WYOMING
14LSO-0291

HOUSE BILL
NO.

HB0063

Railroad rolling stock tax exemption.

Sponsored by:
Representative(s) Kirkbride, Barlow, Blake, Campbell and Piiparinen and Senator(s) Bebout, Cooper and Hines

A BILL

for

AN ACT relating to taxation; repealing the sunset of the exemption on the imposition of state sales and use tax on the repair of rolling stock; 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)(Q) and 39
‑
16
‑
105(a)(viii)(F) are amended to read:

3
9
‑
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:

(Q)

Sales of tangible personal property or services performed for the repair, assembly, alteration or improvement of railroad rolling stock
;
.
This subparagraph is repealed effective July 1, 2015;

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:

(F)

Purchases of tangible personal property or services performed for the repair, assembly, alteration or improvement of railroad rolling stock
;
.
This subparagraph is repealed effective July 1, 2015;

Section 2.

This act is effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.

(END)

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HB0063