Coal transport tax-repeal.

04LSO-0091.C1

                                                         

FISCAL NOTE (HB0006)

 

 

	FY 2005	FY 2006	FY 2007
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Decrease:
PERM. MINERAL TRUST FUND	20,000	20,000	20,000

 

Source of revenue decrease:

 

Repeal of the excise tax on the commercial transportation of coal.

 

 

Assumptions:

 

Total excise tax of $18,625.10 was collected from 15 companies in 2002. Total excise tax of $19,250.30 was collected from 25 companies in 2003. These funds are currently escrowed with the State Treasurer’s Office and have not been distributed to the Permanent Wyoming Mineral Trust Fund, pending certification from the Attorney General.

 

Assume revenues from this excise tax will be similar to amounts collected in 2002 and 2003.

 

 

 

 

 

 

 

 

 

 

 

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

(Information provided by Wade Hall, Dept. of Revenue; phone 777-5235)