HB0215 - Sales tax-exemptions.

 

2001

State of Wyoming

01LSO-0564.E1

ENGROSSED

 

 

 

HOUSE BILL NO.  HB0215

 

 

Sales tax-exemptions.

 

Sponsored by:

 

 

A BILL

 

for

 

 1  AN ACT relating to sales tax exemptions; clarifying the
 2  exemption for tangible personal property used in
 3  manufacturing; and providing for an effective date.

 4 

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

 6 

 7         Section 1.  W.S. 39-15-105(a)(iii)(A) and
 8  39-16-105(a)(iii)(A) are amended to read:

 9 

10         39-15-105.  Exemptions.

11 

12         (a)  The following sales or leases are exempt from the
13  excise tax imposed by this article:

14 

 

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 1              (iii)  For the purpose of exempting sales of
 2  services and tangible personal property consumed in
 3  production, the following are exempt:

 4 

 5                   (A)  Sales of tangible personal property to
 6  a person engaged in the business of manufacturing,
 7  processing or compounding when the tangible personal
 8  property purchased becomes an ingredient or component of
 9  the tangible personal property manufactured, processed or
10  compounded for sale or use and sales of containers, labels
11  or shipping cases used for the tangible personal property
12  so manufactured, processed or compounded. This subparagraph
13  shall apply to chemicals and catalysts used directly in
14  manufacturing, processing or compounding which are consumed
15  or destroyed during that process;

16 

17         39-16-105.  Exemptions.

18 

19         (a)  The following purchases or leases are exempt from
20  the excise tax imposed by this article:

21 

22              (iii)  For the purpose of exempting sales of
23  services and tangible personal property consumed in
24  production, the following are exempt:

 

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 1 

 2                   (A)  Purchases of tangible personal property
 3  by a person engaged in the business of manufacturing,
 4  processing or compounding when the tangible personal
 5  property purchased becomes an ingredient or component of
 6  the tangible personal property manufactured, processed or
 7  compounded for sale or use and purchases of containers,
 8  labels or shipping cases used for the tangible personal
 9  property so manufactured, processed or compounded. This
10  subparagraph shall apply to chemicals and catalysts
used
11  directly in manufacturing, processing or compounding which
12  are consumed or destroyed during that process;

13 

14         Section 2.  This act is effective July 1, 2001.

15 

16                         (END)

 

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