HOUSE BILL NO.         

Sales & use tax-local option extension.

Sponsored by:  Joint Revenue Interim Committee

A BILL

for

AN ACT relating to taxation and revenue; specifying the term of the continuation of a local option sales and use tax as specified; specifying applicability of the act; and providing for an effective date.

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

Section 1.  W.S. 39-15-203(a)(i)(F) by creating a new subdivision (VI) and 39-16-203(a)(i)(F) by creating a new subdivision (VI) are amended to read:

39-15-203.  Imposition.

(a)  Taxable event.  The following shall apply:

(i)  The following provisions apply to imposition of the general purpose excise tax under W.S. 39-15-204(a)(i):

(F)  In lieu of the requirements of subparagraph (C) of this paragraph providing for the submission of the proposition at subsequent elections, the tax authorized under W.S. 39-15-204(a)(i) may be continued subject to the following terms and conditions:

(VI)  The initial term of the continuation of the tax under this subparagraph shall not exceed four (4) years.  At the end of the initial term, continuation of the tax for a subsequent term of not to exceed four (4) years shall be by favorable adoption of another resolution and ordinance by the governing bodies pursuant to the provisions of subdivisions (II) through (IV) of this subparagraph.

39-16-203.  Imposition.

(a)  Taxable event.  The following shall apply:

(i)  The following provisions apply to imposition of the general purpose excise tax under W.S. 39-16-204(a)(i):

(F)  In lieu of the requirements of subparagraph (C) of this paragraph providing for the submission of the proposition at subsequent elections, the tax authorized under W.S. 39-15-204(a)(i) may be continued subject to the following terms and conditions:

(VI)  The initial term of the continuation of the tax under this subparagraph shall not exceed four (4) years.  At the end of the initial term, continuation of the tax for a subsequent term of not to exceed four (4) years shall be by favorable adoption of another resolution and ordinance by the governing bodies pursuant to the provisions of subdivisions (II) through (IV) of this subparagraph.

Section 2.  This act shall apply to any tax continued under the provisions of W.S. 39-15-203(a)(i)(F) or 39-16-203(a)(i)(F) on or after the effective date of this act.

Section 3.  This act is effective July 1, 2001.

(END)