Sales tax distributions.

2015
STATE OF WYOMING
15LSO-0390
Numbered
2.1

HOUSE BILL

NO.
HB0110

Sales tax distributions.

Sponsored by:
Representative(s) Larsen and Senator(s) Bebout

A BILL

for

AN ACT relating to sales and use tax; revising the distribution of sales and use tax as specified; and providing for an effective date.

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

Section 1
.

W.S. 39
‑
15
‑
111(b)(i)
and (f)
and 39
‑
16
‑
111(b)(i)
and (c)
are amended to read:

39
‑
15
‑
111
.

Distribution.

(b)

Revenues earned under W.S. 39
‑
15
‑
104 during each fiscal year shall be recognized as revenue during that fiscal year for accounting purposes. Revenue collected by
the department under W.S. 39
‑
15
‑
104 shall be transferred to the state treasurer who shall:

(i)

Credit
sixty
‑
nine percent (69%)

sixty
‑
four percent (64%)
to the state general fund except as provided by subsections (c) and (d) of this section and less any credit allowed pursuant to W.S. 39
‑
15
‑
107(b)(xi);

(f)

In addition to the distribution specified in subsection (b) of this section
, until June 30, 2004, twenty
‑
nine and one
‑
half percent (29.5%) and thereafter thirty
‑
one percent (31%)

thirty
‑
six
percent (3
6
%)
of sales taxes collected from out
‑
of
‑
state vendors shall be distributed to counties, cities and towns in the same percentage as determined in paragraph (b)(iii) of this section.

39
‑
16
‑
111
.

Distribution.

(b)

Revenues earned under this article during each fiscal year shall be recognized as revenue during that fiscal year for accounting purposes. Revenue collected by
the department from the taxes imposed by this article shall be transferred to the state treasurer who shall:

(i)

Credit
sixty
‑
nine percent (69%)
sixty
‑
four percent (64%)

to the general fund except as provided by subsections (d) and (e) of this section and less any credit allowed pursuant to W.S. 39
‑
16
‑
107(b)(viii);

(c)

In addition to the distribution in subsection (b) of this section
, until June 30, 2004, twenty
‑
nine and one
‑
half percent (29.5%) and thereafter thirty
‑
one percent (31%)

thirty
‑
six
percent
(3
6
%)
of use taxes accruing from out
‑
of
‑
state vendors shall be distributed to counties, cities and towns in the same percentage as determined in paragraph (b)(iii) of this section.

Section
2
.

This
act is effective July 1,
2015
.

(END)

1
HB0110