Bill No.: SF0025                  Drafter:  MRW

 

LSO No.:  05LSO-0242              Effective Date:  7/1/2005

 

Enrolled Act No.:  SEA0058

 

Chapter No.:       80

 

Prime Sponsor:     Senator Schiffer

 

Catch Title:       Permanent mineral trust fund deposits.

 

Subject:  Modifying the permanent mineral trust fund deposits.

 

Summary/Major Elements:

 

·        Provides for 2/3 of the amount of severance tax collected under 39-14-104(a)(i) (1.5%) (surface coal), 39-14-104(b)(i) (1.5%) (underground coal) and 39-14-204(a)(i) (1.5%) (oil and gas) to be deposited to the permanent mineral trust fund.  This amount is in addition to the constitutionally required 1.5% severance tax required under Article 15, Section 19 of the Wyoming Constitution.

 

·        Makes conforming statute changes.