Bill No.: HB0093                  Drafter:  MQ

 

LSO No.:  05LSO-0408              Effective Date:  7/1/2005

 

Enrolled Act No.:  HEA0116

 

Chapter No.:       209

 

Prime Sponsor:     Representative Philp

 

Catch Title:       Tax exemption-rolling stock.

 

Subject:  Provides a sales/use excise tax exemption for railroad rolling stock.

 

Summary/Major Elements:

 

·        Grants a sales/use excise tax exemption for sales of tangible personal property or services performed for the repair, assembly, alteration or improvement of railroad rolling stock (railroad cars).

 

·        Report required:  Wyoming business council and the department of revenue are required to report annually during the life of the exemption a history of employment in the railroad rolling stock industry, history of wages and benefits and a comprehensive history of taxes paid by that industry.

 

• Exemption is repealed effective July 1, 2015.