HB0133 - Severance tax-offsetting credit.
|
2001 |
State of Wyoming |
01LSO-0141 |
HOUSE BILL NO. HB0133
Severance tax-offsetting credit.
Sponsored by: Joint Revenue Interim Committee
A BILL
for
1 AN ACT relating to
taxation and revenue; providing for an
2
offsetting credit against any overpaid severance tax
3 identified
by an audit as specified; and providing for an
4
effective date.
5
6 Be It Enacted by the Legislature of the State of Wyoming:
7
8 Section
1. W.S. 39-14-108(c)(i) and (d)(i),
9
39-14-208(c)(i) and (d)(i), 39-14-308(c)(i) and (d)(i),
10 39-14-408(c)(i) and (d)(i), 39-14-508(c)(i)
and (d)(i),
11 39-14-608(c)(i) and (d)(i) and 39-14-708(c)(i)
and (d)(i)
12 are amended to read:
13
14 39-14-108. Enforcement.
15
16 (c) Interest. The following shall apply:
17
Page 1
1 (i) The taxpayer is entitled to receive an
2 offsetting credit for any overpaid
gross product or
3 severance tax identified by an audit
that is within the
4 scope of the audit period, without
regard to the limitation
5 period for requesting refunds. In calculating interest,
6 the
department or board of county commissioners shall first
7 compute
a net deficiency amount after subtracting any
8 offsetting
credit and then calculate any interest due;
9
10 (d) Penalties. The following shall apply:
11
12 (i) The taxpayer is entitled to receive an
13 offsetting
credit for any overpaid gross product or
14 severance
tax identified by an audit that is within the
15 scope
of the audit period, without regard to the limitation
16 period
for requesting refunds. In calculating penalty, the
17 department or board of county commissioners
shall first
18 compute a net deficiency amount after
subtracting any
19 offsetting credit and then calculate any
penalty due;
20
21 39-14-208. Enforcement.
22
23 (c) Interest. The following shall apply:
24
Page 2
1 (i) The taxpayer is entitled to receive an
2 offsetting credit for any overpaid
gross product or
3 severance tax identified by an audit
that is within the
4 scope of the audit period, without
regard to the limitation
5 period for requesting refunds. In calculating interest,
6 the
department or board of county commissioners shall first
7
compute a net deficiency amount after subtracting any
8
offsetting credit and then calculate any interest due;
9
10 (d) Penalties. The following shall apply:
11
12 (i) The taxpayer is entitled to receive an
13 offsetting
credit for any overpaid gross product or
14 severance
tax identified by an audit that is within the
15 scope
of the audit period, without regard to the limitation
16 period
for requesting refunds. In
calculating penalty, the
17 department shall first compute a net
deficiency amount
18 after subtracting any offsetting credit and
then calculate
19 any penalty due;
20
21 39-14-308. Enforcement.
22
23 (c) Interest. The following shall apply:
24
Page 3
1 (i) The taxpayer is entitled to receive an
2 offsetting credit for any overpaid
gross product or
3 severance tax identified by an audit
that is within the
4 scope of the audit period, without
regard to the limitation
5 period for requesting refunds. In calculating interest,
6 the
department or board of county commissioners shall first
7 compute
a net deficiency amount after subtracting any
8 offsetting
credit and then calculate any interest due;
9
10 (d) Penalties. The following shall apply:
11
12 (i) The taxpayer is entitled to receive an
13 offsetting
credit for any overpaid gross product or
14 severance
tax identified by an audit that is within the
15 scope
of the audit period, without regard to the limitation
16 period
for requesting refunds. In
calculating penalty, the
17 department or board of county commissioners
shall first
18 compute a net deficiency amount after
subtracting any
19 offsetting credit and then calculate any
penalty due;
20
21 39-14-408. Enforcement.
22
23 (c) Interest. The following shall apply:
24
Page 4
1 (i) The taxpayer is entitled to receive an
2 offsetting credit for any overpaid
gross product or
3 severance tax identified by an audit
that is within the
4 scope of the audit period, without
regard to the limitation
5 period for requesting refunds. In calculating interest,
6 the
department or board of county commissioners shall first
7 compute
a net deficiency amount after subtracting any
8 offsetting
credit and then calculate any interest due;
9
10 (d) Penalties. The following shall apply:
11
12 (i) The taxpayer is entitled to receive an
13 offsetting
credit for any overpaid gross product or
14 severance
tax identified by an audit that is within the
15 scope
of the audit period, without regard to the limitation
16 period
for requesting refunds. In
calculating penalty, the
17 department or board of county commissioners
shall first
18 compute a net deficiency amount after
subtracting any
19 offsetting credit and then calculate any
penalty due;
20
21 39-14-508. Enforcement.
22
23 (c) Interest. The following shall apply:
24
Page 5
1 (i) The taxpayer is entitled to receive an
2 offsetting credit for any overpaid
gross product or
3 severance tax identified by an audit
that is within the
4 scope of the audit period, without
regard to the limitation
5 period for requesting refunds. In calculating interest,
6 the
department or board of county commissioners shall first
7 compute
a net deficiency amount after subtracting any
8 offsetting
credit and then calculate any interest due;
9
10 (d) Penalties. The following shall apply:
11
12 (i) The taxpayer is entitled to receive an
13 offsetting
credit for any overpaid gross product or
14 severance
tax identified by an audit that is within the
15 scope
of the audit period, without regard to the limitation
16 period
for requesting refunds. In
calculating penalty, the
17 department or board of county commissioners
shall first
18 compute a net deficiency amount after
subtracting any
19 offsetting credit and then calculate any penalty
due;
20
21 39-14-608. Enforcement.
22
23 (c) Interest. The following shall apply:
24
Page 6
1 (i) The taxpayer is entitled to receive an
2 offsetting credit for any overpaid
gross product or
3 severance tax identified by an audit
that is within the
4 scope of the audit period, without
regard to the limitation
5 period for requesting refunds. In calculating interest,
6 the
department or board of county commissioners shall first
7 compute
a net deficiency amount after subtracting any
8 offsetting
credit and then calculate any interest due;
9
10 (d) Penalties. The following shall apply:
11
12 (i) The taxpayer is entitled to receive an
13 offsetting
credit for any overpaid gross product or
14 severance
tax identified by an audit that is within the
15 scope
of the audit period, without regard to the limitation
16 period
for requesting refunds. In
calculating penalty, the
17 department or board of county commissioners
shall first
18 compute a net deficiency amount after
subtracting any
19 offsetting credit and then calculate any
penalty due;
20
21 39-14-708. Enforcement.
22
23 (c) Interest. The following shall apply:
24
Page 7
1 (i) The taxpayer is entitled to receive an
2 offsetting credit for any overpaid
gross product or
3 severance tax identified by an audit
that is within the
4 scope of the audit period, without
regard to the limitation
5 period for requesting refunds. In calculating interest,
6 the
department or board of county commissioners shall first
7 compute
a net deficiency amount after subtracting any
8 offsetting
credit and then calculate any interest due;
9
10 (d) Penalties. The following shall apply:
11
12 (i) The taxpayer is entitled to receive an
13 offsetting
credit for any overpaid gross product or
14 severance
tax identified by an audit that is within the
15 scope
of the audit period, without regard to the limitation
16 period
for requesting refunds. In
calculating penalty, the
17 department or board of county commissioners
shall first
18 compute a net deficiency amount after
subtracting any
19 offsetting credit and then calculate any
penalty due;
20
21 Section 2. This act is effective July 1, 2001.
22
23 (END)
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