HB0240 - Tax exemption-rolling stock.

 

2001

State of Wyoming

01LSO-0596

 

 

 

HOUSE BILL NO.  HB0240

 

 

Tax exemption-rolling stock.

 

Sponsored by:

 

 

A BILL

 

for

 

 1  AN ACT relating to taxation and revenue; granting a sales
 2  tax exemption for the repair, assembly, alteration or
 3  improvement of railroad rolling stock as specified; and
 4  providing for an effective date.

 5 

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

 7 

 8         Section 1.  W.S. 39-15-105(a)(viii) by creating a new
 9  subparagraph (K) is amended to read:

10 

11         39-15-105.  Exemptions.

12 

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

15 

 

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 1              (viii)  For the purpose of exempting sales of
 2  services and tangible personal property as an economic
 3  incentive, the following are exempt:

 4 

 5                   (K)  Sales of tangible personal property or
 6  services performed for the repair, assembly, alteration or
 7  improvement of railroad rolling stock.

 8 

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

10 

11                         (END)

 

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