Ethanol tax credit-extension.

03LSO-0059.C1

FISCAL NOTE (HB0005)

	FY 2004	FY 2005	FY 2006
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Decrease:
HIGHWAY FUND	1,150,000	1,150,000	1,150,000
LOCAL SOURCES FUND	850,000	850,000	850,000

Source of revenue decrease:

Extension of ethanol tax credit

Assumptions:

1. The current ethanol tax credit is in effect until July 1, 2003. This bill removes the sunset provision for the tax credit.

2. The current ethanol tax credit is limited to a total of        $2 million per year for all ethanol producers. This bill limits the ethanol tax credit to $2 million per year for each ethanol producer.

3. There is currently one ethanol producer in Wyoming.

Prepared by:   Dean Temte, LSO    Phone:   777-7881

(information provided by Kevin Hibbard, WYDOT; phone 777-4026)