Table of Contents

Part I

Introduction

¨ Enrolled Act No. 56, Senate

¨ Tax Reform 2000 Committee Membership

¨ Tax Reform 2000 Meeting Dates and Locations

¨ Tax Reform 2000 Financial Report

¨ Criteria Established by the Committee

¨ Committee Options for Tax Reform Compared to the Criteria

¨ Revenues Sources of Wyoming Governments

¨ Public Input

Part II

Analysis of Wyoming’s Current Tax Statutes

¨ Ad Valorem (Property) Tax

¨ Mineral Taxes

¨ Sales and Use Taxes

¨ Gasoline and Diesel Taxes

¨ Cigarette and Tobacco Taxes

¨ Liquor Taxes

¨ Corporate Franchise Tax

¨ Insurance Premium Tax

¨ Estate Tax

Part III

Problems with Wyoming’s Current Tax Structure

¨ Lack of Equity

¨ Lack of Stability and Balance

¨ Low Tax Burden of Wyoming Households

¨ Economic Impact

¨ Business Development Plan for Wyoming

¨ Wyoming Economic Development Association Survey

¨ Gross State Product Explanation

¨ Wyoming Compared to Surrounding State

¨ Wyoming Compared to Other Mineral Producing States

¨ Wyoming Compared to Other No-Income Tax States

¨ PWMTF Funding

¨ Residential Market Values

¨ Inadequate Funding for Future Revenue Needs

¨ State Government Revenue Needs

¨ Local Government Revenue Needs

¨ University of Wyoming Revenue Needs

¨ Local Government Funding

¨ Impact of Internet and Catalog Sales on Wyoming Revenue Sources

Part IV

Committee Recommendations

¨ Excise Tax Increases

¨ Broadening of the State Sales and Use Taxes

¨ Services Exempt in Wyoming

¨ Pitkin Estimate of Sales Tax Collection Increases by Taxing Services Currently Exempt

¨ Rail Mile Tax

¨ Real Estate Transfer Tax

¨ State Income Tax

¨ Wyoming Attorney General’s Opinion on Article 15, Section18 of the Wyoming Constitution

¨ 1996 and 1997 Income Disbursement in Wyoming

¨ Estimates of Revenue from a State Individual Income Tax Based on 1997 Taxable and Adjusted Gross Income

¨ Wyoming Department of Revenue Estimate of Revenue from a State Individual Income Tax Based on 1996 Adjusted Gross Income

¨ Other Revenue Sources

¨ Temporary Nuclear Fuel Rod Storage

¨ State Lottery

¨ Expenditure Study

¨ Property Tax Exemptions

Part V

Options Considered but Not Recommended

¨ Gross Receipts Tax

¨ Employment Head Tax

¨ Electrical Generation Tax

¨ Local Taxing Options

¨ Statewide Lodging Tax

¨ Tax Provision of Other States

Part VI

¨ Impact of Federal Tax Reform on Wyoming’s Tax System

Part VII

¨ Bibliography

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