HB0215 - Sales tax-exemptions.
2001 |
State of Wyoming |
01LSO-0564.E1 ENGROSSED |
HOUSE BILL NO. HB0215
Sales tax-exemptions.
Sponsored by: Representative(s) Rose, Illoway and Willford
and Senator(s) Vasey
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
Page 1
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:
Page 2
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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