ORIGINAL HOUSE                                           

BILL   NO.  0133

 

ENROLLED ACT NO. 34,  HOUSE OF REPRESENTATIVES

 

FIFTY-SIXTH LEGISLATURE OF THE STATE OF WYOMING

2001 GENERAL SESSION

 

 

 

 

AN ACT relating to taxation and revenue; providing for an
offsetting credit against any overpaid severance tax
identified by an audit as specified; and providing for an
effective date.

 

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

 

Section 1.  W.S. 39-14-108(c)(i) and (d)(i),
39-14-208(c)(i) and (d)(i), 39-14-308(c)(i) and (d)(i),
39-14-408(c)(i) and (d)(i), 39-14-508(c)(i) and (d)(i),
39-14-608(c)(i) and (d)(i) and 39-14-708(c)(i) and (d)(i)
are amended to read:

 

39-14-108.  Enforcement.

 

(c)  Interest.  The following shall apply:

 

(i)  The taxpayer is entitled to receive an
offsetting credit for any overpaid gross product or
severance tax identified by an audit that is within the
scope of the audit period, without regard to the limitation
period for requesting refunds.
  In calculating interest,
the department or board of county commissioners shall first

 

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compute a net deficiency amount after subtracting any
offsetting credit and then calculate any interest due;

 

(d)  Penalties.  The following shall apply:

 

(i)  The taxpayer is entitled to receive an
offsetting credit for any overpaid gross product or
severance tax identified by an audit that is within the
scope of the audit period, without regard to the limitation
period for requesting refunds.
In calculating penalty, the
department or board of county commissioners shall first
compute a net deficiency amount after subtracting any
offsetting credit and then calculate any penalty due;

 

39-14-208.  Enforcement.

 

(c)  Interest.  The following shall apply:

 

(i)  The taxpayer is entitled to receive an
offsetting credit for any overpaid gross product or
severance tax identified by an audit that is within the
scope of the audit period, without regard to the limitation
period for requesting refunds.
  In calculating interest,

 

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the department or board of county commissioners shall first
compute a net deficiency amount after subtracting any
offsetting credit and then calculate any interest due;

 

(d)  Penalties.  The following shall apply:

 

(i)  The taxpayer is entitled to receive an
offsetting credit for any overpaid gross product or
severance tax identified by an audit that is within the
scope of the audit period, without regard to the limitation
period for requesting refunds.
  In calculating penalty, the
department shall first compute a net deficiency amount
after subtracting any offsetting credit and then calculate
any penalty due;

 

39-14-308.  Enforcement.

 

(c)  Interest.  The following shall apply:

 

(i)  The taxpayer is entitled to receive an
offsetting credit for any overpaid gross product or
severance tax identified by an audit that is within the
scope of the audit period, without regard to the limitation
period for requesting refunds.
  In calculating interest,
the department or board of county commissioners shall first
compute a net deficiency amount after subtracting any
offsetting credit and then calculate any interest due;

 

(d)  Penalties.  The following shall apply:

 

(i)  The taxpayer is entitled to receive an
offsetting credit for any overpaid gross product or
severance tax identified by an audit that is within the
scope of the audit period, without regard to the limitation
period for requesting refunds.
  In calculating penalty, the
department or board of county commissioners shall first

 

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compute a net deficiency amount after subtracting any
offsetting credit and then calculate any penalty due;

 

39-14-408.  Enforcement.

 

(c)  Interest.  The following shall apply:

 

(i)  The taxpayer is entitled to receive an
offsetting credit for any overpaid gross product or
severance tax identified by an audit that is within the
scope of the audit period, without regard to the limitation
period for requesting refunds.
  In calculating interest,

 

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the department or board of county commissioners shall first
compute a net deficiency amount after subtracting any
offsetting credit and then calculate any interest due;

 

(d)  Penalties.  The following shall apply:

 

(i)  The taxpayer is entitled to receive an
offsetting credit for any overpaid gross product or
severance tax identified by an audit that is within the
scope of the audit period, without regard to the limitation
period for requesting refunds.
  In calculating penalty, the
department or board of county commissioners shall first

 

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compute a net deficiency amount after subtracting any
offsetting credit and then calculate any penalty due;

 

39-14-508.  Enforcement.

 

(c)  Interest.  The following shall apply:

 

(i)  The taxpayer is entitled to receive an
offsetting credit for any overpaid gross product or
severance tax identified by an audit that is within the
scope of the audit period, without regard to the limitation
period for requesting refunds.
  In calculating interest,
the department or board of county commissioners shall first
compute a net deficiency amount after subtracting any
offsetting credit and then calculate any interest due;

 

(d)  Penalties.  The following shall apply:

 

(i)  The taxpayer is entitled to receive an
offsetting credit for any overpaid gross product or
severance tax identified by an audit that is within the
scope of the audit period, without regard to the limitation
period for requesting refunds.
  In calculating penalty, the
department or board of county commissioners shall first
compute a net deficiency amount after subtracting any
offsetting credit and then calculate any penalty due;

 

39-14-608.  Enforcement.

 

(c)  Interest.  The following shall apply:

 

(i)  The taxpayer is entitled to receive an
offsetting credit for any overpaid gross product or
severance tax identified by an audit that is within the
scope of the audit period, without regard to the limitation
period for requesting refunds.
  In calculating interest,
the department or board of county commissioners shall first
compute a net deficiency amount after subtracting any
offsetting credit and then calculate any interest due;

 

(d)  Penalties.  The following shall apply:

 

(i)  The taxpayer is entitled to receive an
offsetting credit for any overpaid gross product or
severance tax identified by an audit that is within the
scope of the audit period, without regard to the limitation
period for requesting refunds.
  In calculating penalty, the
department or board of county commissioners shall first
compute a net deficiency amount after subtracting any
offsetting credit and then calculate any penalty due;

 

39-14-708.  Enforcement.

 

(c)  Interest.  The following shall apply:

 

(i)  The taxpayer is entitled to receive an
offsetting credit for any overpaid gross product or
severance tax identified by an audit that is within the
scope of the audit period, without regard to the limitation
period for requesting refunds.
  In calculating interest,
the department or board of county commissioners shall first
compute a net deficiency amount after subtracting any
offsetting credit and then calculate any interest due;

 

(d)  Penalties.  The following shall apply:

 

(i)  The taxpayer is entitled to receive an
offsetting credit for any overpaid gross product or
severance tax identified by an audit that is within the
scope of the audit period, without regard to the limitation
period for requesting refunds.
  In calculating penalty, the
department or board of county commissioners shall first
compute a net deficiency amount after subtracting any
offsetting credit and then calculate any penalty due;

 

Section 2.  This act is effective July 1, 2001.

 

(END)

 

 

 

 

                                     

Speaker of the House                  President of the Senate

 

                                              

                 Governor                     

                                              

                 TIME APPROVED: _________     

                 DATE APPROVED: _________     

 

I hereby certify that this act originated in the House.

 

 

Chief Clerk

 

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