FIFTY-EIGHTH WYOMING LEGISLATURE

APPROVED INTERIM COMMITTEE STUDIES

2006 INTERIM

 

JOINT REVENUE INTERIM COMMITTEE

Initial Budget Approved: $25,000

 

Topic #1: Subject to a supreme court ruling,  review commodity pricing, income estimating and valuation of producer-processed natural gas. [Note: underscored language added by Management Council]

 

Review the commodity pricing, income estimating and valuation of producer-processed natural gas.  The Committee will study how producer processed natural gas is priced and valued in the state including the review of Wyoming Supreme Court decisions on the issue.

 

Topic #2: State and local assessed properties of the communications industry including the valuation of  intangible personal property.

 

Study the issue of state and local assessed properties with respect to the communications industry including the valuation of intangible personal property.   2006 Senate File 35 creates a task force to study state assessed property related to the communications industry.  The task force is to report to the Revenue Committee by December 15, 2006.

 

Topic #3:          Sales, fuel and property tax collection, distribution and assessment.

 

Study the assessment, administration, collection and distribution of sales, fuel and property taxes, including distributions to local governments. The study shall include: consideration of options for local revenue generation; match and other local option tax requirements; and oversight and review of  State Loan and Investment Board (SLIB) and other government grant programs to local governments.  [Note: underscored language added by Management Council].  The Committee will consider the current system of sales, fuel and property taxation in the state including the administration thereof.

 

Topic #4          Miscellaneous revenue issues.

 

Note:  Study topic #4 was not approved by Management Council .

 

Topic #5: Utility and tax relief. (Topic Assigned by Management Council)

 

Review reports on effectiveness of utility and tax relief measures adopted in the 2006 Session.


Topic #6:         Veteran's Property Tax Exemption

                      [Note: Topic assigned by Management Council 6/2/2006]

 

 

 


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