SF0178 - Utility rate adjustments-gas and electricity.
2001 |
State of Wyoming |
01LSO-0607 Substitute No.1 |
SENATE FILE NO. SF0178
Utility rate adjustments-gas and electricity.
Sponsored by: Senator(s) Kinnison, Boggs, Devin, Hanes,
Harris, Hinchey,
Job, Massie, Mockler, Peck,
Schiffer, Scott,
Sessions and Vasey and
Representative(s)
Anderson, R., Sadler and
Tomassi
A BILL
for
AN ACT
relating to sales and use tax on specified
1
utilities; providing
an exemption from sales and use tax
2 for
sales of gas and electricity as specified; and
3
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)(vi) by creating a new
8
subparagraph (E) and 39-16-105(a)(vi) by creating a new
9
subparagraph (E) are 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:
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1
2 (vi) For
the purpose of exempting sales of
3
services and tangible personal property which are essential
4 human
goods and services, the following are exempt:
5
6 (E) For the period April 1, 2001
through
7 March 31, 2002, sales of gas by a gas public utility under
8 W.S. 37-1-101(a)(vi)(D) and sales of electricity by an
9 electric public utility under W.S. 37-1-101(a)(vi)(C) for
10
domestic, industrial or commercial
consumption. The
11
department of revenue may adopt rules or
issue a directive
12
to implement this paragraph, including, but
not limited to,
13
rules or a directive requiring an affected
utility to state
14
on customers' bills the reduction resulting
from this
15
paragraph.
16
17 39-16-105. Exemptions.
18
19 (a) The following purchases or leases are exempt from
20 the excise tax imposed by this article:
21
22 (vi) For
the purpose of exempting sales of
23 services and tangible personal property and
services which
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1 are essential human goods and services, the
following are
2
exempt:
3
4 (E) For the period April 1, 2001
through
5 March 31, 2002, sales of gas by a gas public utility under
6 W.S. 37-1-101(a)(vi)(D) and sales of electricity by an
7 electric public utility under W.S. 37-1-101(a)(vi)(C) for
8 domestic, industrial or commercial consumption. The
9 department of revenue may adopt rules or issue a directive
10
to implement this paragraph, including, but
not limited to,
11
rules or a directive requiring an affected
utility to state
12
on customers' bills the reduction resulting
from this
13
paragraph.
14
15 Section 2. For the period beginning April 1, 2001 and
16 ending June 30, 2002, there is appropriated
to the
17 department of revenue from the general fund
sixteen million
18 dollars ($16,000,000.00) for the purpose of
maintaining
19 revenues to local governments that otherwise
would be
20 distributed to local governments under W.S.
39-15-111 and
21 39-16-111 but for the sales and use tax
exemptions provided
22 under this act. The department of revenue is
authorized to
23 distribute monthly to local governments
funds appropriated
24 under this section based upon historical
data on
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1 distributions made to local governments from
sales and use
2 tax
revenues from gas and electric utilities.
3 Appropriations
under this section shall not be expended for
4 any
purpose other than as stated in this section, and
5
unobligated funds shall revert to the budget reserve
6
account on June 30, 2002.
7
8 Section 3. This act is effective April 1, 2001.
9
10 (END)
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