FIFTY-SEVENTH WYOMING LEGISLATURE

APPROVED INTERIM COMMITTEE STUDIES

2003 INTERIM

 

 

JOINT REVENUE INTERIM COMMITTEE

Initial Budget Approved:  $20,000

 

CORRECTED COPY

Topic 1:            Residential, Agricultural and Industrial Tax Relief Review

 

The Committee will review the current levels of residential and industrial property tax and review any constitutionally permissible relief and valuation methodologies.

 

Topic 2:            Valuation of Minerals

 

Study the valuation of minerals including the tax structure of minerals (single tax, ad valorem tax being paid late to counties, and counties having to collect from interest owners rather than operators); study role of Department of Revenue with county and the county's right to appeal; non-arms length processed gas; review confidentiality statutes so the Dept. of Revenue can use information for comparable sales method; valuation of non arms-length sale of minerals.

 

Topic 3:            Motor Fuels Tax Review

 

The Committee will study the motor fuels taxation system including fair assessment, redistribution and the phase-in of any increases.

 

Topic 4:            Miscellaneous taxation issues.

 

Study miscellaneous taxation issues including the adequacy of state revenues to meet the state's needs; review of Tax Reform 2000; other issues from the Department of Revenue.


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