2002

State of Wyoming

02LSO-0142.W1

 

 

 

WORKING DRAFT

 

 

 

HOUSE BILL NO.      

 

 

Sales & use tax distribtuion-2.

 

Sponsored by:

 

 

A BILL

 

for

 

AN ACT relating to taxation and revenue; providing for distribution of sales and use tax as specified; and providing for an effective date.

 

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

 

Section 1.  W.S. 39-15-111(b)(i), (f) and (g) and 39-16-111(b)(i) and (c) are amended to read:

 

39-15-111.  Distribution.

 

(b)  Revenues earned under W.S. 39-15-104 during each fiscal year shall be recognized as revenue during that fiscal year for accounting purposes. Revenue collected by the department under W.S. 39-15-104 shall be transferred to the state treasurer who shall:

 

(i)  Until June 30, 1993, credit sixty-five percent (65%) and thereafter, Subject to subsection (g) of this section, credit seventy-two percent (72%) sixty-six percent (66%) to the state general fund except as provided by subsections (c) and (d) of this section;

 

(f)  In addition to the distribution specified in subsection (b) of this section, until June 30, 1993, thirty-five percent (35%) thirty-three percent (33%) of sales taxes collected from out-of-state vendors and thereafter twenty-eight percent (28%) of sales taxes collected from out-of-state vendors shall be distributed to counties, cities and towns in the same percentage as determined in paragraph (b)(iii) of this section, and one percent (1%) shall be distributed to the county from which the sale was made.

 

(g)  If the tax imposed under W.S. 39-15-104(b) is reduced to one-half of one percent (.5%) under W.S. 39-15-104(d), on and after September 1 of the year in which the reduction occurs, the distributions to the state general fund under paragraph (b)(i) of this section shall be reduced from seventy-two percent (72%) to sixty-eight percent (68%) sixty-six percent (66%) to sixty-two percent (62%).

 

39-16-111.  Distribution.

 

(b)  Revenues earned under this article during each fiscal year shall be recognized as revenue during that fiscal year for accounting purposes.  Revenue collected by the department from the taxes imposed by this article shall be transferred to the state treasurer who shall:

 

(i)  Until June 30, 1993, credit sixty-five percent (65%) and thereafter, Subject to subsection (g) of this section, credit seventy-two percent (72%) sixty-six percent (66%) to the general fund except as provided by subsections (d) and (e) of this section;

 

(c)  In addition to the distribution in subsection (b) of this section, until June 30, 1993, thirty-five percent (35%) thirty-three percent (33%) of use taxes accruing from out-of-state vendors and thereafter twenty-eight percent (28%) of use taxes accruing from out-of-state vendors shall be distributed to counties, cities and towns in the same percentage as determined in paragraph (b)(iii) of this section, and one percent (1%) shall be distributed to the county from which the sale was made.

 

Section 2.  This act is effective July 1, 2002.

 

(END)