Bill No.: HB0061 Drafter: MRW

LSO No.: 06LSO-0186 Effective Date: 3/9/2006

Enrolled Act No.: HEA0005

Chapter No.: 14

Prime Sponsor: Joint Minerals, Business and Economic Development Interim Committee

Catch Title: Coal value added facilities-tax exemptions.

Subject: Sales and use tax exemption for value added facilities.

Summary/Major Elements:

· This bill creates a sales and use tax exemption for equipment purchased to make new coal gasification or coal liquefaction facilities operational.

Comments:

· Report Required – The Wyoming business council and the department of revenue are required to jointly report to the Joint Minerals, Business and Economic Development Interim Committee and the Joint Revenue Interim Committee on or before December 1 of each year evaluating the cumulative effects of the exemption from initiation of the exemption.