HB0215 - Sales tax-exemptions.

 

2001

State of Wyoming

01LSO-0564

 

 

 

HOUSE BILL NO.  HB0215

 

 

Sales tax-exemptions.

 

Sponsored by:  Representative(s) Rose and Illoway

 

 

A BILL

 

for

 

 1  AN ACT relating to sales tax exemptions; clarifying the
 2  exemption for tangible personal property used in
 3  manufacturing; and providing for an effective date.

 4 

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

 6 

 7         Section 1.  W.S. 39-15-105(a)(iii)(A) and
 8  39-16-105(a)(iii)(A) are amended to read:

 9 

10         39-15-105.  Exemptions.

11 

12         (a)  The following sales or leases are exempt from the
13  excise tax imposed by this article:

14 

15              (iii)  For the purpose of exempting sales of
16  services and tangible personal property consumed in
17  production, the following are exempt:

 

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 1  

 2                   (A)  Sales of tangible personal property to
 3  a person engaged in the business of manufacturing,
 4  processing or compounding when the tangible personal
 5  property purchased becomes an ingredient or component of
 6  the tangible personal property manufactured, processed or
 7  compounded for sale or use and sales of containers, labels
 8  or shipping cases used for the tangible personal property
 9  so manufactured, processed or compounded. This subparagraph
10  shall apply to chemicals and catalysts consumed or
11  destroyed in the process of manufacturing any chemical or
12  refined oil product produced at a chemical plant or oil
13  refinery;

14 

15         39-16-105.  Exemptions.

16 

17         (a)  The following purchases or leases are exempt from
18  the excise tax imposed by this article:

19 

20              (iii)  For the purpose of exempting sales of
21  services and tangible personal property consumed in
22  production, the following are exempt:

23 

 

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 1                   (A)  Purchases of tangible personal property
 2  by a person engaged in the business of manufacturing,
 3  processing or compounding when the tangible personal
 4  property purchased becomes an ingredient or component of
 5  the tangible personal property manufactured, processed or
 6  compounded for sale or use and purchases of containers,
 7  labels or shipping cases used for the tangible personal
 8  property so manufactured, processed or compounded. This
 9  subparagraph shall apply to chemicals and catalysts
10  consumed or destroyed in the process of manufacturing any
11  refined chemical or oil product produced at a chemical
12  plant or oil refinery;

13 

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

15 

16                         (END)

 

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