Sales tax distribution rates.

24LSO-0537
2024
STATE OF WYOMING
24LSO-0537
Numbered
2.0

SENATE FILE NO. SF0127

Sales tax distribution rates.

Sponsored by: Senator(s) French, Hutchings, Ide and Laursen, D and Representative(s) Allemand and Strock

A BILL

for

AN ACT relating to sales and use tax; revising the distribution rates for sales and use taxes; specifying applicability; 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), (iii)(intro) and (f) and 39
‑
16
‑
111(b)(i), (iii)(intro) 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. Except as otherwise provided in subsection (p) of this section, for all revenue collected by the department under W.S. 39
‑
15
‑
104 the department shall:

(i)

Credit
sixty
‑
nine percent (69%)
sixty
‑
six percent (66%)
to the state general fund for deposit by the state treasurer 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);

(iii)

From the remaining share,
until June 30, 2004, deduct an amount equivalent to one
‑
half percent (0.5%) and thereafter
deduct an amount equivalent to one percent (1%) of the tax collected under W.S. 39
‑
15
‑
104. From this amount, the department shall distribute
until June 30, 2004, twenty thousand dollars ($20,000.00) and thereafter
forty thousand dollars ($40,000.00) annually to each county in equal monthly installments and then distribute the remainder to each county in the proportion that the total population of the county bears to the total population of the state. The balance shall then be paid monthly to the treasurers of the counties, cities and towns for payment into their respective general funds. The percentage of the balance that will be distributed to each county and its cities and towns will be determined by computing the percentage that net sales taxes collected attributable to vendors in each county including its cities and towns bear to total net sales taxes collected of vendors in all counties including their cities and towns. Subject to subsection (h) of this section, this percentage of the balance shall be distributed within each county as follows:

(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
‑
four percent (34%)
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, as specified by the department:

(i)

Credit
sixty
‑
nine percent (69%)
sixty
‑
six percent (66%)
for deposit by the state treasurer 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);

(iii)

From the remaining share,
until June 30, 2004, deduct an amount equivalent to one
‑
half percent (0.5%) and thereafter
deduct an amount equivalent to one percent (1%) of the tax collected under W.S. 39
‑
16
‑
104. From this amount, the department shall distribute
until June 30, 2004, five thousand dollars ($5,000.00) and thereafter
ten thousand dollars ($10,000.00) annually to each county in equal monthly installments and then distribute the remainder to each county in the proportion that the total population of the county bears to the total population of the state. The remainder shall then be paid monthly to the treasurers of the counties, cities and towns for payment into their respective general funds. The percentage of the remainder that will be distributed to each county and its cities and towns will be determined by computing the percentage that net use taxes collected attributable to vendors in each county including its cities and towns bear to total net use taxes collected of vendors in all counties including their cities and towns. The distribution shall be as follows:

(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
‑
four percent (34%)
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 shall apply to distributions of sales and use taxes collected on or after July 1, 2024.

Section 3
.

This act is effective July 1, 2024
.

(END)

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SF0127