HB0293 - Permanent Wyoming mineral trust fund-3.

 

2001

State of Wyoming

01LSO-0604

 

 

 

HOUSE BILL NO.  HB0293

 

 

Permanent Wyoming mineral trust fund-3.

 

Sponsored by:  Representative(s) Parady, Landon and Osborn

 

 

A BILL

 

for

 

 1  AN ACT relating to the administration of government; ending
 2  the diversion of certain mineral severance tax money as
 3  specified; amending and repealing various diversions;
 4  amending related provisions; and providing for an effective
 5  date.

 6 

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

 8 

 9         Section 1.  W.S. 39-14-111(a), 39-14-211(b) and (d),
10  39-14-311(a) and 39-14-511(a) are amended to read:

11 

12         39-14-111.  Distribution.

13 

14         (a)  As provided by W.S. 39-14-104(a), the total
15  severance tax rate for surface coal shall be seven percent
16  (7%). As provided by W.S. 39-14-104(b), the total severance
17  tax rate for underground coal shall be three and three-

Page  1

 

 

 

 1  quarters percent (3.75%). A two and one-half percent (2.5%)
 2  tax imposed by W.S. 39-14-104(a)(i), (ii) and (vi) and a
 3  one and one-half percent (1.5%) tax imposed by W.S.
 4  39-14-104(b)(i) shall be deposited into the permanent
 5  Wyoming mineral trust fund. except for the period beginning
 6  March 15, 1988, and ending June 30, 2004, during which the
 7  proceeds of the tax imposed by W.S. 39-14-104(a)(ii) and
 8  (vi) shall be deposited into the severance tax distribution
 9  account.

10 

11         39-14-211.  Distribution.

12 

13         (b)  The state treasurer shall transfer the revenue
14  collected from the severance tax imposed by W.S.
15  39-14-204(a)(ii) into the permanent Wyoming mineral trust
16  fund. except for the period beginning March 15, 1988, and
17  ending June 30, 2004, during which the proceeds shall be
18  deposited into the severance tax distribution account.

19 

20         (d)  The state treasurer shall transfer revenue
21  collected from the severance tax imposed by W.S.
22  39-14-204(a)(iv) to the severance tax distribution account,
23  except one-twelfth (1/12) shall be credited to the
24  permanent Wyoming mineral trust fund.

 

Page  2

 

 

 

 1 

 2         39-14-311.  Distribution.

 3 

 4         (a)  As provided by W.S. 39-14-304(a), the total
 5  severance tax rate for trona shall be four percent (4%). A
 6  two percent (2%) tax imposed by W.S. 39-14-304(a)(i) shall
 7  be deposited into the permanent Wyoming mineral trust fund.
 8  except for the period beginning March 15, 1988, and ending
 9  June 30, 2004, during which the proceeds shall be deposited
10  into the severance tax distribution account.

11 

12         39-14-511.  Distribution.

13 

14         (a)  As provided by W.S. 39-14-504(a), the total
15  severance tax rate for uranium shall be four percent (4%).
16  A two percent (2%) tax imposed by W.S. 39-14-504(a)(i)
17  shall be deposited into the permanent Wyoming mineral trust
18  fund. except for the period beginning March 15, 1988, and
19  ending June 30, 2004, during which the proceeds shall be
20  deposited into the severance tax distribution account.

21 

22         Section 2.  W.S. 39-14-111(k) and 39-14-211(j) are
23  repealed.

24 

 

Page  3

 

 

 

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

 2 

 3                         (END)

 

Page  4